Advisors Capital Increases AMD Position as Coverage Flags AI‑Chip Crosscurrents
The fund’s SEC filing shows a first‑quarter purchase bringing its AMD holdings to 53,503 shares valued at about $5.5 million.
Overview
- Advisors Capital Management raised its AMD stake by 5.7% with a 2,907‑share buy, according to a disclosed first‑quarter SEC filing.
- Following the move, the firm held 53,503 AMD shares valued at approximately $5.497 million at the time of the filing.
- Some reports claim AMD plans a 70% price increase for its MI350 AI chips, a point not directly confirmed by the company.
- Coverage notes a recent cooling in AI‑chip demand and strong competitive pressure from Nvidia and Broadcom.
- TV commentator Jim Cramer praised CEO Lisa Su and argued the market can support both AMD and Nvidia, while separate articles tout analyst and pundit projections of 50%–100% upside over the next year.