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SeaTown Holdings Pte. Ltd. Makes New $7.71 Million Investment in Advanced Micro Devices, Inc. $AMD
SeaTown Holdings Pte. Ltd. has made a new $7.71 million investment in Advanced Micro Devices (AMD), acquiring 36,000 shares, making it 4.5% of their portfolio. The investment aligns with strong analyst sentiment and upgrades for AMD, driven by demand in AI and data centers, despite some insider selling and geopolitical risks. AMD recently reported strong quarterly earnings, beating analyst estimates for EPS and revenue.