Reported about 13 hours ago
Billionaire Jeff Yass, co-founder of Susquehanna International Group, has significantly increased the firm's stake in Advanced Micro Devices (AMD), Nvidia's largest competitor, by 94%, while reducing holdings in Nvidia itself. This strategic shift reflects the growing confidence in AMD’s potential, especially as its data center revenue soars. As Nvidia’s stock remains high, analysts suggest AMD could be an undervalued buy given its upcoming competitive GPUs and solid growth in its data center business.
Source: YAHOO