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AMD Gains Hedge Fund Backing as AI and Data Center Demand Surges

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The Story

News Summary

  • American Century Investments highlighted Advanced Micro Devices (AMD) in its quarterly letter, noting strong guidance and accelerating AI and data center chip demand.
  • Hedge fund ownership of AMD increased from 134 to 164 funds in Q2, reflecting sustained institutional interest.
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AMD price history

516.13 +140.00% over the displayed period

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