What smart money is saying about Advanced Micro Devices
AMD · Technology · Semiconductors · Market cap $349.34B
15 funds in our archive have pitched Advanced Micro Devices, most recently Polen Capital Global Growth in September 2026.
Company profile
Advanced Micro Devices, Inc. (AMD), established in 1969 and headquartered in Santa Clara, California, operates as a global leader in the semiconductor industry. The company organizes its extensive operations into two primary segments: Computing and Graphics, and Enterprise, Embedded and Semi-Custom. In its Computing and Graphics division, AMD develops a range of products including x86 microprocessors (often as accelerated processing units), chipsets, and various graphics processing units (GPUs), encompassing discrete, integrated, data center, and professional variants, alongside providing development services. The Enterprise, Embedded and Semi-Custom segment focuses on server and embedded processors, bespoke System-on-Chip (SoC) products, and foundational technology for popular game consoles, also offering associated development support. AMD's diverse product lineup features processors for desktop and notebook personal computers under well-known brands such as AMD Ryzen, Ryzen PRO, Ryzen Threadripper, Threadripper PRO, AMD Athlon, Athlon PRO, AMD FX, AMD A-Series, and PRO A-Series. Discrete GPUs for these PCs are offered through the AMD Radeon graphics and AMD Embedded Radeon graphics brands, while professional graphics solutions include AMD Radeon Pro and AMD FirePro. Furthermore, the company provides high-performance accelerators for servers, including Radeon Instinct, Radeon PRO V-series, and AMD Instinct, along with AMD EPYC microprocessors designed for server environments. Its embedded processor solutions span multiple brands, such as AMD Athlon, AMD Geode, AMD Ryzen, AMD EPYC, AMD R-Series, and G-Series. AMD also produces chipsets under its own trademark and crafts customer-specific solutions leveraging its CPU, GPU, and multimedia expertise, including specialized semi-custom SoC products. AMD reaches its wide array of clients, which comprise original equipment manufacturers (OEMs), public cloud service providers, original design manufacturers (ODMs), system integrators, independent distributors, online retailers, and add-in-board manufacturers. The company's sales and distribution network includes its direct sales force, independent distributors, and dedicated sales representatives.
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Fund signal · last 12 months
29 lettersMore funds are buying than selling
+6
Net flow
9 buys · 8 new positions · 75%3 sells · 1 full exit
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q4 2024 and Q4 2026, 32 fund letters reported a position in Advanced Micro Devices, with 10 buys (opened or added) and 3 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q4 2026 | 1 | 0 | 0 | 0 |
| Q3 2026 | 5 | 2 | 0 | 4 |
| Q2 2026 | 22 | 7 | 3 | 6 |
| Q4 2025 | 1 | 0 | 0 | 3 |
| Q2 2025 | 2 | 1 | 0 | 1 |
| Q4 2024 | 1 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 32 positions · 15 moves
- HoldsSomma Investimentos FundsOctober 2026
“Among the fund's positions, noteworthy, in addition to Nvidia, Microsoft, Apple and Broadcom, which together represent 23.2% of the fund, are companies such as TSMC, Samsung, Lam Research and AMD, these with 13.3% of the fund.”
Advanced Micro Devices - September 2026
“In semiconductors and AI infrastructure, we initiated positions in Advanced Micro Devices, ARM and KLA, which offer differentiated exposure to high-performance computing, power-efficient processor architecture and advanced-chip inspection and metrology.”
Advanced Micro Devices - HoldsBlueBox Global Technology FundSeptember 2026
Listed in BlueBox Global Technology Fund’s reported holdings.
Advanced Micro Devices - New positionPolen Capital Global GrowthSeptember 2026
“In Q3 2026, we initiated new positions in Seagate Technology , Advanced Micro Devices , Quanta Services , and SK Hynix , while selling Oracle .”
Advanced Micro Devices - August 2026
“AMD Chair and CEO, Dr Lisa Su: "Data center revenue more than doubled year-over-year and now represents 58% of total revenue, up from 42% a year ago, reflecting the rapidly expanding scale of our server and data center AI businesses…”
Advanced Micro Devices - July 2026
“Elsewhere in IT, the absence of both AMD and Micron from the portfolio helped relative returns and overcame the drag from our off-benchmark exposure to TSMC in Taiwan.”
Advanced Micro Devices - New positionGuinness Global Innovators FundJune 2026
“We made one change to the portfolio in May. We sold our position in Adobe and, as part of our one-in-one-out process, replaced it with a new position in AMD.”
Advanced Micro Devices - New positionGuinness Global Equity Income FundJune 2026
“Our recent purchase of AMD reflects this shift; the company is well positioned to benefit from rising CPU demand as AI infrastructure becomes broader and more compute-intensive.”
Advanced Micro Devices - June 2026
“In IT, we added Broadcom and Advanced Micro Devices to increase exposure to AI hardware without chasing the most extended areas of the trend.”
Advanced Micro Devices - New positionClearBridge Investments Appreciation StrategyJune 2026
“Portfolio Highlights The ClearBridge Appreciation Strategy underperformed the benchmark S&P 500 Index in the second quarter of 2026. On an absolute basis, the Strategy had positive contributions from eight of 11 sectors. The IT sector was the main positive contributor, while energy was the main detractor. In relative terms, stock selection and sector allocation detracted. Stock selection in IT, industrials, communication services, financials and consumer discretionary, overweights to materials and energy and an IT underweight detracted the most. Conversely, stock selection in materials and a consumer discretionary underweight were beneficial. On an individual stock basis, the biggest relative contributors during the quarter were ASML, Palo Alto Networks, ASM International, an underweight to Microsoft and not owning Palantir. The biggest detractors were Netflix, underweights to Micron Technology and Advanced Micro Devices, and not owning Intel and Applied Materials. During the quarter, we initiated new positions in SpaceX in communication services, Micron Technology, Cisco Systems, Advanced Micro Devices and Texas Instruments in IT and Diamondback Energy in energy.”
Advanced Micro Devices - June 2026
“1 Before we do that, let's talk about Advanced Micro Devices (AMD). We purchased our initial position in AMD in October 2022 at about $80 per share when the stock was depressed due to weak outlook for its end markets. As is often the case with the market, when it does not like a stock or a sector it discounts it severely and we were able to purchase a cyclical stock (yes, semiconductor stocks were cyclical then!) with a net-cash balance sheet at a depressed multiple of depressed earnings. Our investment was underpinned by our confidence in AMD's management team, its engineering culture, and its ability to consistently deliver competitive products. It turns out that CPU’s, AMD’s core product, are needed for Agentic AI! The stock took off earlier this year and is currently trading at above $500 per share. From our perspective, the upside we captured was not due to any attempt to predict AI’s trajectory, but simply the result of owning a quality company in a secularly growing sector, run by a strong management team at a sensible valuation. As we've said before, high-quality businesses possess optionality that simply isn't available to mediocre businesses and even as these businesses trade at higher multiples, this optionality is often undervalued. Today, the world can’t seem to buy enough semiconductor stocks, and AMD trades at a valuation that reflects a very optimistic consensus about its future. While those expectations may well prove accurate, forecasting that kind of trajectory is not our strength. For that reason, we’ve sold roughly three‑quarters of our AMD position.”
Advanced Micro Devices - New positionBaron Technology ETFJune 2026
“We initiated a position in Advanced Micro Devices, Inc. during the second quarter.”
Advanced Micro Devices - June 2026
“NVIDIA, Micron, Broadcom, AMD, Applied Materials, Seagate, Western Digital, Corning, SiTime, TSMC, ASML, and Sandisk were among the positions that contributed to the quarter’s technology-led gains.”
Advanced Micro Devices - June 2026
Listed in Gabelli Funds Shareholder Commentary: Open-End Funds’s reported holdings.
Advanced Micro Devices - New positionBaron Technology StrategyJune 2026
“We initiated a position in Advanced Micro Devices, Inc. during the second quarter.”
Advanced Micro Devices - New positionGabelli Funds Open-End FundsJune 2026
Listed in Gabelli Funds Open-End Funds’s reported holdings.
Advanced Micro Devices - TrimmedNightview Capital NITE ETFJune 2026
“Finally, the trims. We cut our AMD position by roughly half after a powerful run left it a much larger dollar position than the share count suggested.”
Advanced Micro Devices - New positionAristotle Atlantic Partners Core Equity StrategyJune 2026
“Advanced Micro Devices Advanced Micro Devices is a high-performance and adaptive computing company that designs and delivers processors, accelerators, graphics products, adaptive computing platforms and software used across data centers, cloud computing, personal computers, gaming, embedded systems, edge computing and AI. Its portfolio includes central processing units, graphics processing units, accelerated processing units, data processing units, field programmable gate arrays, adaptive systems on chips, semi-custom systems on chips, smart network interface cards and related development tools, compilers, and drivers that help customers build customized computing solutions. The company operates through four segments: Data Center, which serves data centers and AI environments; Client, which provides desktop and notebook processors and chipsets; Gaming, which includes discrete graphics products and semi-custom solutions; and Embedded, which provides processors and adaptive computing products for embedded applications. We initiated Advanced Micro Devices, as the company's roadmap and rack-scale system capability now position it as a credible second source in data center central processing unit (CPU) and accelerated compute, a structural shift in markets that have historically operated as single-vendor franchises, with corresponding implications for pricing power and customer allocation.”
Advanced Micro Devices “TOP CONTRIBUTORS Advanced Micro Devices was a strong contributor driven by the rise of agentic AI, where systems can carry out automated tasks at once independently.”
Advanced Micro Devices- June 2026
“Saia was eliminated after the stock significantly outperformed in response to PMI data and signs of an industry turnaround. Advanced Micro Devices was eliminated due to significant outperformance and valuation.”
Advanced Micro Devices - June 2026
“Our positions in leading semiconductor companies provided a tailwind to performance, led by Micron (MU), Advanced Micro Devices (AMD), Applied Materials (AMAT), and Intel (INTC).”
Advanced Micro Devices - June 2026
“From a stock perspective, Advanced Micro Devices, or AMD, (High Performance Computing), was the largest contributor to performance for the quarter.”
Advanced Micro Devices - June 2026
“Top Contributors Advanced Micro Devices (AMD), a leading semiconductor manufacturer, outperformed on strong AI data center demand, which drove record sales across its CPU and GPU portfolios.”
Advanced Micro Devices - June 2026
“Demand for AI infrastructure continued to climb, which buoyed the shares of the Fund’s top three contributors: • Applied Materials, a supplier of semiconductor manufacturing equipment, • Advanced Micro Devices (AMD), a leading semiconductor manufacturer, and • KLA, which makes tools to inspect and control chip production quality.”
Advanced Micro Devices - June 2026
“Demand for AI infrastructure, particularly semiconductors, continued to climb, which buoyed the shares of the Fund’s top contributors: Applied Materials, a supplier of semiconductor manufacturing equipment, Advanced Micro Devices (AMD), a leading semiconductor company that designs and sells computer processors and related chips, ASML Holding, a supplier of the world’s most advanced lithography systems, and Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract semiconductor manufacturer.”
Advanced Micro Devices - June 2026
“Portfolio Performance & Attribution During the second quarter of 2026, the Polen 5Perspectives Growth Opportunities Portfolio (the “Portfolio”) returned 25.16% net of fees compared to the 17.05% return of the Russell 3000 Growth Index (the “Index”). The top contributors to the Portfolio’s relative performance in the quarter were Bloom Energy, Advanced Micro Devices, and Nebius Group.”
Advanced Micro Devices - June 2026
“The top contributors to the Portfolio’s relative performance were Advanced Micro Devices, Intel, and Nebius Group.”
Advanced Micro Devices - HoldsBenguela Global Equity UCITS FundJune 2026
“o Advanced Micro Devices: O/W The underweight position in Advanced Micro Devices was a significant detractor as the stock returned 186% over the quarter. The move was underpinned by strong first-quarter results and an accelerating forward guide, momentum behind the MI450 GPU launch and its marquee customer commitments, and an emerging thesis that server CPUs would be meaningful beneficiaries of rising AI inference workloads. We find AMD's valuation challenging relative to the higher-quality Nvidia, particularly given a weaker competitive advantage, and while we acknowledge that AMD's own fundamentals have genuinely accelerated, we view the scale of the re-rating as difficult to reconcile with fundamentals. We would review this underweight position at the right price.”
Advanced Micro Devices - HoldsThe Ithaka GroupDecember 2025
“Advanced Micro Devices, Inc. (AMD) Advanced Micro Devices is a global leader in designing and manufacturing high-performance semiconductor products, including processors, graphics cards, and chipsets.”
Advanced Micro Devices - New positionMacquarie Core Equity FundJune 2025
“Advanced Micro Devices Inc. (AMD) designs and manufactures semiconductors, including central processing units (CPUs), graphics processing units (GPUs), and other high-performance computing solutions for various markets like gaming, data centers, and AI.”
Advanced Micro Devices - HoldsTitan Wealth Global Blue ChipJune 2025
“Technology was the standout sector, with our holdings returning ~24.5% versus ~14.9% for the index’s tech component. Our concentrated positions in Nvidia, Broadcom, AMD, and Oracle drove nearly half of the strategy’s overall return.”
Advanced Micro Devices - HoldsIthaka groupDecember 2024
“Advanced Micro Devices, Inc. (AMD) Advanced Micro Devices is a global leader in designing and manufacturing high-performance semiconductor products, including processors, graphics cards, and chipsets. The company develops CPUs and GPUs for a wide range of applications, such as gaming, data centers, AI, and high-performance computing. AMD’s competitive edge lies in its advanced CPU and GPU architectures, such as its “Zen” and “RDNA” designs, which offer exceptional performance and energy efficiency. AMD’s stock fell, despite releasing a solid 3Q24 report/guide, due to a number of moving parts that implied the forward quarter’s EPS number will be 8% below Street expectations.”
Advanced Micro Devices
Also mentioned · 37
These funds discuss Advanced Micro Devices as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedGoodhart Partners European FundSeptember 2026
“AI Big 10 = Magnificent 7 plus Broadcom, AMD and Micron.”
Advanced Micro Devices - September 2026
“AMD’s answer, beginning in 2008, was to go “fabless” and later stake everything on a clean-sheet architecture (Zen) manufactured at TSMC’s facilities.”
Advanced Micro Devices - MentionedSKBA Capital ManagementSeptember 2026
“All advanced AI models are dependent on Nvidia chips while AMD and Intel are attempting to make inroads.”
Advanced Micro Devices - MentionedBrandes IP Global Equity FundSeptember 2026
“Relative performance was also affected by the Fund’s limited or absent exposure to several of the largest technology companies in the benchmark, including Nvidia, Apple, and Advanced Micro Devices.”
Advanced Micro Devices - MentionedAntipodes Global Fund LongSeptember 2026
“Today’s cluster is the “AI Big 10”: the Magnificent Seven plus Broadcom, AMD and Micron.”
Advanced Micro Devices - September 2026
“Nuance Perspectives4 At the end of the third quarter of 2026, the Nuance Concentrated Value Composite was up 10.32 percent (through September 30, 2026, net of fees), versus 19.22 percent for the Russell 3000® Value Index and 12.75 percent for the S&P 500® Index. With the Russell 3000® Value Index outperforming the S&P 500® Index year to date, it may appear on the surface that value style investing is beating growth style investing this year. However, in our opinion, the performance this year is more of a reflection of a disconnect that we have touched on in prior commentaries, namely that Russell’s value indices are increasingly diverging from how value style investing is conventionally defined. Over the last few years, we have observed a number of stocks on multiple occasions with meaningful weight in the Russell 3000® Value Index that bear little resemblance to the classic value businesses we have bought and sold over time. Recent examples include Meta Platforms Inc (META), Micron Technology, Inc. (MU), Advanced Micro Devices, Inc. (AMD), and Microsoft Corporation (MSFT), among others.”
Advanced Micro Devices - MentionedAristotle Value Equity StrategySeptember 2026
“Concentrated capital, driven by speculative enthusiasm and drawing attention away from fundamentally stable, predictable businesses; we’ve spoken about this at length. More recently, significant changes in the composition of our primary benchmark, the Russell 1000 Value, have reshaped the Index. Seven of the Index’s ten largest contributors to returns during the first half of the year were removed at the end of June: Micron, Caterpillar, Applied Materials, AMD, Sandisk, Western Digital and Marvell Technology.”
Advanced Micro Devices - MentionedSomma Investimentos Fund FamilySeptember 2026
“Advanced Micro Devices - AMD announced the acquisition of World Labs, an artificial intelligence startup founded by Fei-Fei Li, for 8.2 billion dollars, with the goal of positioning itself at the frontier of "physical artificial intelligence" and spatial intelligence.”
Advanced Micro Devices - MentionedSomma Investimentos Fund FamilySeptember 2026
“Advanced Micro Devices - AMD announced the acquisition of World Labs, an artificial intelligence startup founded by Fei-Fei Li, for 8.2 billion dollars, with the goal of positioning itself at the frontier of "physical artificial intelligence" and spatial intelligence.”
Advanced Micro Devices - MentionedGuinness Global Quality Mid Cap FundAugust 2026
“Semiconductor stocks consequently sold off: Nvidia and AMD fell more than 5% around the initial reaction, while Asian chip names also came under pressure.”
Advanced Micro Devices - MentionedLongriver Partners FundJuly 2026
“At the same time that the AI complex has become more competitive, it has also become narrower and more interdependent. Much of the incremental demand is concentrated in two model companies and a small group of hyperscalers and neo-clouds scrambling to expand capacity. They are buying accelerators and custom silicon from Nvidia, AMD, Broadcom and others.”
Advanced Micro Devices - MentionedDeep Sail Capital PartnersJune 2026
“• Ramp of next-generation AI infrastructure platforms (1.6T Ethernet & rack-scale systems): The transition to 1.6T networking, liquid-cooled rack integration, and custom AI platforms (including its AMD Helios collaboration) should increase the dollar content per AI deployment.”
Advanced Micro Devices - June 2026
“Earlier this year Bank of America notes that the “AI Big Ten” – the Magnificent Seven plus Broadcom, AMD, and Micron – represented roughly 40% of the total U.S. market capitalization.”
Advanced Micro Devices - June 2026
“The largest relative detractors included Netflix and Intuitive Surgical as well as not holding Advanced Micro Devices, Lam Research and KLA.”
Advanced Micro Devices - MentionedAntipodes Global FundJune 2026
“As covered above, the Strategy's underweight to Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment detracted on a relative basis over the Quarter, most notably not owning Micron Technology, SK Hynix, AMD, Samsung Electronics and Apple.”
Advanced Micro Devices - June 2026
“Much of the negative attribution over the quarter came from stocks that we do not own, especially those related to the AI-memory boom. Not holding Micron Technology or Advanced Micro Devices hit relative returns.”
Advanced Micro Devices - June 2026
“Top detractors from relative performance: The semiconductor boom greatly benefited chipmakers the portfolio doesn’t hold, including AMD, Intel, and Micron.”
Advanced Micro Devices - June 2026
“the warrants Meta holds on Advanced Micro Devices (AMD), related to a strategic sourcing arrangement with AMD struck in late February (~5 months ago), are now worth close to $90 billion”
Advanced Micro Devices - June 2026
“Much of the negative attribution over the quarter came from stocks that we do not own, especially those related to the AI-memory boom. Not holding Micron Technology or Advanced Micro Devices hit relative returns.”
Advanced Micro Devices - MentionedBaron Opportunity FundJune 2026
“While the Fund’s semiconductor investments added value overall, our non-ownership of Advanced Micro Devices, Inc. was the largest drag on relative performance.”
Advanced Micro Devices - June 2026
“Market Overview After a challenging first quarter that saw the S&P 500 Index decline 4.3%, markets rebounded sharply in the second quarter. The S&P 500 climbed 15.2%, driven by a surge in information technology (IT) stocks, particularly semiconductor stocks, which soared 44.0%. The ClearBridge Dividend Strategy rose nicely but lagged the exuberant gains of S&P 500 mainly due to our lower technology exposure. While no one likes to trail in sharp market rallies, diversified dividend growth portfolios tend to lag in these narrow, momentum driven markets. Our research shows, however, that these periods tend to be followed by periods of broader market participation in which diversified dividend-growth portfolios shine. Semiconductor memory stocks were the standout performers. Shares of Micron, the largest producer of storage chips, skyrocketed 240%, adding over $900 billion of market cap — more than the entire market capitalization of Exxon Mobil, Johnson & Johnson or JPMorgan Chase. Our underweight to Micron and a select group of other non-dividend- paying data center plays, like Advanced Micro Devices, Intel and SanDisk, were the largest drivers of our relative underperformance.”
Advanced Micro Devices - June 2026
“Performance commentary The fund outperformed its index over the quarter, which was the result of positive stock selection. The fund’s holdings in the technology sector made a particularly strong contribution to returns. Holdings in Micron, Samsung and TSMC continued to benefit from the tight market for semiconductor memory and surging manufacturing demand. The holding in Alphabet also proved beneficial. Shares in the owner of Google rose following the release of encouraging results, which also gave investors confidence about its direction of AI integration. On the downside, holdings that had previously benefited from rising tensions in the Middle East underperformed. Late Life Cycle energy companies, Shell and Suncor Energy, gave back some gains from the previous quarter, after agreement appeared to have been struck to end the US conflict with Iran and the ‘war premium’ in commodity prices faded. Despite the strong performances of the portfolio’s technology-related holdings, we retain an underweight position overall relative to the benchmark. Certain technology stocks that we don’t hold, such as Intel and Advanced Micro Devices, performed well and had a negative influence on relative returns.”
Advanced Micro Devices - MentionedArtisan Partners Global Value FundJune 2026
Named in a table in Artisan Partners Global Value Fund’s letter.
Advanced Micro Devices - MentionedSaltLight Capital Co‑Investor LetterJune 2026
“Take NVIDIA’s CUDA software moat first. We have argued in earlier letters that CUDA has held a fifteen-year advantage, with millions of developers trained and organised around it, and we are obliged to report that we hold this view rather less firmly than we once did. The painful work of porting away has begun in earnest. Google's TPUs and Amazon's Trainium chips now run inference for Anthropic at scale, and AMD has been signed for gigawatts more from next year.”
Advanced Micro Devices - MentionedBaron Opportunity StrategyJune 2026
“While the Strategy’s semiconductor investments added value overall, our non-ownership of Advanced Micro Devices, Inc. was the largest drag on relative performance.”
Advanced Micro Devices - June 2026
“Advanced chip manufacturing has become one of the most strategically vital links in the global economy, and that importance only deepens as AI infrastructure spending accelerates. TSMC sits at the center of that buildout, fabricating the most advanced silicon for the world's leading designers (i.e. Nvidia, Apple, AMD, and Broadcom among them) at a scale and yield no competitor can match.”
Advanced Micro Devices - MentionedLiontrust Global Technology FundJune 2026
Named in a table in Liontrust Global Technology Fund’s letter.
Advanced Micro Devices - MentionedLiontrust Global Dividend FundJune 2026
Named in a table in Liontrust Global Dividend Fund’s letter.
Advanced Micro Devices - MentionedLiontrust GF Global Technology FundJune 2026
Named in a table in Liontrust GF Global Technology Fund’s letter.
Advanced Micro Devices - MentionedDiamond Hill Long-Short FundJune 2026
“includes astounding returns for companies such as Micron, Advanced Micro Devices, Intel, Sandisk and many others, where we have little exposure.”
Advanced Micro Devices - MentionedBristolgate U.S. Equity StrategyJune 2026
“On a relative basis, three of the largest detractors that we did not own were Micron Technology (MU), Advanced Micro Devices (AMD) and Intel (INTC).”
Advanced Micro Devices - MentionedNext Century Growth Investors NCGJune 2026
“Top 3 contributors to absolute performance: AMD, AMAT, NVDA”
Advanced Micro Devices - MentionedHL Global Developed Markets EquityMay 2026
“Portfolio The portfolio’s underperformance—both for May and the year to date— has been especially acute in the IT sector, where a small cohort of stocks have been responsible for most of the market’s strength this year. Indeed, 20 stocks contributed 83% of the MSCI World Index’s total return in May; of these 20 stocks, 16 were in IT. We own five of these strongly performing stocks, among them ASML in the Netherlands and Microsoft in the US. But the absence of others from our portfolio, particularly memory chip maker Micron and chip designer Advanced Micro Devices, has hurt relative returns.”
Advanced Micro Devices - MentionedWhite Brook CapitalMarch 2026
“On one hand Nvidia has a dominant technology with leads in hardware that’s locked by advantaged software that ensures that it’s multiple years ahead of the competition; on the other, all of the top cloud compute providers have also contracted with the likes of AMD, Broadcom, Intel, and Marvell Technology to provide alternative chipsets.”
Advanced Micro Devices - September 2025
“Nonetheless, this has not proven to be a major obstacle for CEO Sam Altman; the first $100 billion was secured within a matter of days— not weeks—when NVIDIA agreed to invest by taking an equity stake in OpenAI. Interestingly, OpenAI has also agreed to purchase chips from Advanced Micro Devices (AMD), a competitor to NVDA, and will take an equity position in AMD as part of the deal.”
Advanced Micro Devices - September 2025
“Early October’s announcement that OpenAI plans to purchase 6 gigawatts (GW) of AI compute from AMD† over multiple years is worth mentioning.”
Advanced Micro Devices - MentionedCove street CapitalJune 2025
“Targeting specific industries to access tolls and tariff exclusions — Nvidia/Advanced Micro?”
Advanced Micro Devices
Fund coverage · 15 theses
- Polen Capital Global GrowthSeptember 2026
Advanced Micro Devices has a large opportunity in AI and server compute thanks to share gains in CPUs, growing GPU adoption, and a large addressable market.
Read the full thesis - St. James Investment Company Value Investor’sSeptember 2026
AMD gained share by using a fabless model and efficient Zen chips to challenge Intel's former moat.
Read the full thesis - Artisan Partners Global Opportunities FundSeptember 2026
AMD is well positioned to benefit from rising compute intensity across AI infrastructure and its expanding GPU platform.
Read the full thesis - Guinness Global Innovators FundJuly 2026
AMD is a high-performance AI semiconductor company benefiting from AI infrastructure build-out, server CPU share gains and margin expansion.
Read the full thesis Advanced Micro Devices is positioned to benefit from AI-driven CPU growth and to become a viable second option in GPUs.
Read the full thesisAMD is positioned to benefit from rising CPU demand as agentic AI shifts workloads from training GPUs toward orchestration.
Read the full thesis- Guinness Global Innovators FundJune 2026
AMD is positioned to benefit from AI infrastructure growth, rising server CPU demand, and operating leverage, supported by strong leadership and a broader full-stack semiconductor strategy.
Read the full thesis - Baron Technology ETFJune 2026
Advanced Micro Devices, Inc. is a leading chip designer gaining secular upside from agentic AI and a strengthening GPU position.
Read the full thesis Advanced Micro Devices was bought for its net-cash balance sheet, depressed valuation, strong management, engineering culture, competitive products, and exposure to secular semiconductor growth and AI optionality.
Read the full thesisAdvanced Micro Devices is a long-term AI and computing beneficiary gaining share in CPUs and accelerators, with a credible path to revenue, margin and earnings growth.
Read the full thesis- Aristotle Focus GrowthDecember 2025
Advanced Micro Devices is a leading high-performance computing company positioned for long-term growth from AI and cloud tailwinds with strong product momentum and expanding TAM.
Read the full thesis - Aristotle Large Cap GrowthDecember 2025
Advanced Micro Devices is a high-performance computing leader positioned for long-term AI and cloud growth with momentum in accelerators and server CPUs despite near-term sentiment-driven multiple compression.
Read the full thesis - White Falcon Capital ManagementDecember 2025
Advanced Micro Devices designs high-performance semiconductors across PCs, gaming, and data centers, with market share gains and long-term EPS targets implying substantial upside.
Read the full thesis - Macquarie Core Equity FundJune 2025
Advanced Micro Devices Inc. is positioned to significantly increase its market share in AI GPUs by 2027, potentially rivaling industry leader NVIDIA and driving larger revenue gains than currently anticipated.
Read the full thesis - White Falcon Capital ManagementDecember 2024
AMD is facing disappointment over potential shortfalls in AI chip revenues but remains poised to benefit from its other businesses and could still capture a small share of the expansive AI chip market.
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