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Bank Pictet Invests $31.96M in AMD Amid Intel Struggles

2/16/2025

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Summary

Story summary

Bank Pictet & Cie Europe AG has boosted its investment in Advanced Micro Devices (AMD), acquiring a 12.7% stake with 264,574 shares worth $31.96 million. As AMD thrives, Intel's future hangs in the balance, relying on the success of its AI chips to compete with AMD and NVIDIA, with its stock currently at $24.13.

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Story summary

Bank Pictet & Cie Europe AG has boosted its investment in Advanced Micro Devices (AMD), acquiring a 12.7% stake with 264,574 shares worth $31.96 million. As AMD thrives, Intel's future hangs in the balance, relying on the success of its AI chips to compete with AMD and NVIDIA, with its stock currently at $24.13.