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LGT Group Foundation Has $8.98 Million Holdings in Advanced Micro Devices, Inc. $AMD
LGT Group Foundation reduced its stake in Advanced Micro Devices (AMD) by 19.2% in the third quarter, now holding 54,722 shares valued at $8.98 million. Despite analyst ratings of “Moderate Buy” and strong Q4 earnings, the stock faces potential headwinds from proposed U.S. export rules for AI accelerators and insider selling. AMD has recently secured significant AI deals with Meta and expanded its AI product lineup, but investor sentiment shows mixed signals.