[REVISION HISTORY]

AMD financial performance and investment trends

Updated 2 times since CLSTR started tracking revisions of this situation.

What changed

2026-08-31 18:05 UTC → 2026-09-02 09:20 UTC · added ~~removed~~

Advanced Micro Devices (AMD) reported record quarterly revenue of $11.5 billion, marking a 50% year-over-year increase fueled by data center revenue. Despite exceeding analyst expectations, the company’s stock declined by over 8% following comments from SpaceX CEO Elon Musk regarding his company’s preference for NVIDIA architecture. During this period, AMD CEO Lisa Su executed a pre-arranged sale of 15,000 shares. SEC filings revealed a surge in institutional interest, with hedge funds and other institutional investors holding 71.34% of AMD’s stock. Meeder Asset Management Inc. increased its stake by 540.2% during the second quarter, acquiring 17,974 additional shares. Other major investors, including BlackRock Inc., Vanguard Group Inc., and State Street Corp, also reported increased holdings, while Norges Bank established a new position valued at approximately $4,929,312,000. ~~However, recent~~ Recent investment shifts indicate a rotation toward competitors. On August 28, ARK Invest divested 156,286 shares of AMD, valued at approximately $74.5 million. The firm reallocated capital toward Nvidia and Broadcom, following Nvidia’s fiscal second-quarter report which showed a 106% year-over-year revenue increase to $96.2 billion. By August 31, ARK Invest, led by Cathie Wood, completed a significant rebalancing of its semiconductor and AI-related holdings. Following the divestment of AMD shares, the firm increased its exposure to Nvidia by acquiring 243,707 shares, valued at roughly $53 million, following a post-earnings price correction. ARK also accumulated positions in Broadcom, Cerebras, and Cloudflare, while reducing its position in CrowdStrike by approximately 14,300 shares.

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