AMD’s $566 million SpaceX stake raises a bigger question than AI chip orders
MSN·- AMD acquired a 565 million dollar stake in SpaceX to bet on Starlink and satellite growth rather than securing AI chip contracts. - The company recently reported a record quarterly revenue of 11.5 billion dollars, representing a 50 percent year-over-year increase alongside a 107 percent surge in data center revenue. - This strategic investment remains negligible compared to AMD's massive market capitalization of 846 billion dollars.AMD adds significant positions in SpaceX and Nutanix
MSN·- AMD filed a Form 13F Holdings Report with the U.S. Securities and Exchange Commission on Friday. - The company acquired significant new positions, including 4.1M shares of Nutanix and 3.3M shares of SpaceX by the end of the second quarter. - Additionally, AMD purchased 200K shares of Xanadu Quantum during the same period.Philippe Laffont's Coatue adds SpaceX, exits iShares Bitcoin Trust ETF among Q2 moves
MSN·- Coatue Management adjusted its portfolio in Q2 by establishing new positions in SpaceX, Advanced Micro Devices, Hut 8, and Intel. - The firm notably added 96.0K shares of Advanced Micro Devices, 1.08M shares of Booz Allen Hamilton, and 9.72M shares of Hut 8. - These portfolio changes also included exiting the iShares Bitcoin Trust ETF alongside other strategic investment shifts.What gave SpaceX a boost?
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