According to a 13F regulatory filing submitted to the U.S. Securities and Exchange Commission, Amazon has acquired 822,234 shares of Advanced Micro Devices (AMD, Financial), valued at approximately $84.4 million as of the end of March. This strategic investment comes as AMD continues to gain momentum in the data center and artificial intelligence chip markets.
AMD recently reported first-quarter revenue of $7.44 billion, surpassing analysts' expectations of $7.13 billion. Notably, its data center segment experienced a 57% year-over-year growth, reaching $3.7 billion. The company anticipates second-quarter revenue to be around $7.4 billion, exceeding the forecasted $7.24 billion by analysts. However, AMD also expects inventory-related expenses of approximately $800 million due to new export regulations.
