Advisors Capital Increases Stake in AMD by 5.7%

Advisors Capital Management LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ: AMD) by 5.7% in the first quarter, now owning 53,503 shares valued at $5,497,000. The company plans a 70% price surge for its MI350 AI chips, positioning itself well in the AI GPU market. Despite competition, AMD’s growth outlook could boost the stock by 50% to 100% in the next 12 months.

Headquartered in California, Advanced Micro Devices, Inc. (NASDAQ: AMD) operates in Data Center, Client and Gaming, and Embedded segments, driving innovation in PC, gaming, and data center spaces. While AMD is a solid investment, other AI stocks may offer greater upside potential with less downside risk. The company, founded in 1969, is committed to innovation in PC, gaming, and data center sectors.