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Tiger Global Dumps Nvidia to Buy AMD as AI Accelerator Growth Surges

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • AMD's Q2 Data Center revenue surged 107% YoY to $6.7 billion, prompting Tiger Global to rotate out of Nvidia, Microsoft, and Alphabet into AMD.
  • Strong partnerships with Anthropic and Microsoft boost growth prospects despite high valuation multiples.
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AMD price history

484.02 +134.81% over the displayed period

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