Ken Fisher Boosts Stake in AMD Amid Analyst Optimism

Published 13 hours agoAMD

Ken Fisher Boosts Stake in AMD Amid Analyst Optimism

Ken Fisher, the billionaire behind Fisher Asset Management, has recently placed a significant bet on Advanced Micro Devices, Inc. (AMD), citing its growth potential in the tech sector. Fisher's firm expanded its holdings by purchasing 431,867 additional shares in the first quarter of 2025, lifting its total to approximately 24.38 million shares. This move increases the stake's value to about $2.66 billion, a 23% rise from the previous quarter.

Adding to the optimism, Truist analyst William Stein has adjusted AMD's price target from $79 to $84, maintaining a 'Hold' rating as of May 3, 2025. Reuters reported that while concerns linger over AMD's weaker guidance for the second quarter and its hefty investments in artificial intelligence, the company's revenue outperformed expectations, particularly in its Gaming and Embedded segments.

AMD remains at the forefront of the semiconductor market, known for its cutting-edge processors and graphics processing units in a variety of applications such as PCs, gaming, and automotive tech. The combination of Fisher's increased investment and the adjusted analyst price target underscores a growing confidence in AMD's future within the ever-evolving technology industry.

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