AMD's Stock Struggles Continue Despite Positive Earnings Report.
TL;DR Summary
Cathie Wood's ARK Investment Management bought over 26,200 shares of Advanced Micro Devices (AMD) when the stock dropped over 9% due to weak guidance and a slump in PC revenue. The estimated valuation of the purchase was over $2.1 million. Funds operated by ARK also bought over 564,000 shares of Pacific Biosciences of California Inc (PACB) at an estimated valuation of over $6.6 million.
Topics:business#advanced-micro-devices#ark-investment-management#cathie-wood#finance#pacific-biosciences#stock-market
- Cathie Wood Buys AMD Stock Amid 9% Drop - ARK Next Generation Internet ETF (ARCA:ARKW), Pacific Bioscienc Benzinga
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- AMD beats, but is still a second-half 2023 story. Here's why CNBC
- AMD's Earnings Are Worse Than They Look The Motley Fool
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