Activist hedge fund manager Dan Loeb takes a passive stake in AMD
Publishing timestamp: 2023-03-02 14:06:30
Summary
Hedge fund manager Dan Loeb has taken a passive stake in chipmaker AMD when its shares were struggling. AMD's stock has bounced back this year, but the semiconductor sector has been grappling with lower consumer demand and gluts of parts. Loeb previously owned Intel, AMD's primary competitor, and Intel recently reported a disastrous quarter.
Sentiment: MIXED
Keywords: breaking news: technology, intel corp, business news, advanced micro devices inc, breaking news: markets,
Source: https://www.cnbc.com/2023/03/02/activist-hedge-fund-manager-dan-loeb-taking-a-stake-in-amd.html