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Tiger Global Dumps Nvidia to Buy AMD in Massive AI Chip Pivot

Motley Fool Read original source (opens in a new tab)
The Story

News Summary

  • Tiger Global Management initiated a $400 million position in AMD during Q2 while trimming its Nvidia holdings by 7%.
  • The tech-focused hedge fund appears to be rotating capital from NVDA to capture greater upside in AMD amid the ongoing AI chip expansion.
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AMD price history

516.13 +140.00% over the displayed period

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