Here’s Why Advanced Micro Devices (AMD) Fell in Q4 and 2024
From Yahoo Finance: 2025-04-03 07:38:00
Artisan Partners released its fourth quarter 2024 investor letter, highlighting US equities’ gains and the fund’s strong absolute return in 2024. The fund’s Investor Class ARTRX, Advisor Class APDRX, and Institutional Class APHRX returned -1.67%, -1.65%, and -1.62%, respectively. Check the top five holdings for the fund’s best picks in 2024.
In its Q4 2024 investor letter, Artisan Global Opportunities Fund focused on Advanced Micro Devices, Inc. (NASDAQ:AMD), a semiconductor company with a one-month return of 4.16% and shares losing 37.91% value over 52 weeks. On April 2, 2025, AMD closed at $102.96 per share with a $167.272 billion market cap.
The Artisan Global Opportunities Fund’s Q4 2024 investor letter addressed Advanced Micro Devices, Inc. (AMD) performance, acknowledging stock decline in Q4 but highlighting AI opportunities, market share growth expectations, and cyclical business struggles. Despite challenges, the company is expected to deliver stronger earnings growth in the future.
Advanced Micro Devices, Inc. (AMD) ranked 19th in the 30 Most Popular Stocks Among Hedge Funds list. 96 hedge fund portfolios held AMD by the end of Q4 2024. While AMD has potential, the focus on AI stocks for higher returns is emphasized. Check out other high-risk, high-reward growth stocks and hedge fund investor letters for more insights.
Read more at Yahoo Finance: Here’s Why Advanced Micro Devices (AMD) Fell in Q4 and 2024