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Activist hedge fund manager Dan Loeb takes a passive stake in AMD

Por: CNBC Tech March 03, 2023

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Third Point's Dan Loeb has taken a passive stake in chipmaker , sources told CNBC's Scott Wapner.The hedge fund manager took the bet when AMD shares struggled, according to sources. AMD shares have underperformed the rest of the sector over the last 12 months, down more than 30% as the PHLX Semiconductor Index declined 14%.The stock has bounced back this year by 21% as China opened up its economy and the overall stock market has... + full article



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