Amazon Now Holds AMD Stake Worth $84.4 Million After Lisa Su-Led Chipmaker Acquires ZT Systems (CORRECTED)
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Amazon now holds 822,234 shares of AMD, valued at $84.4 million, following AMD's acquisition of ZT Systems. This stake was received as part of the acquisition, not through direct investment. AMD's SEC filing revealed that over 8.3 million shares are being distributed among former ZT Systems shareholders, including Inventec. AMD's recent financial report showed a 57% year-over-year growth in its data center segment, with first-quarter revenue of $7.44 billion.
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