One Bank Is Making Big Bets on AMD While Selling Intel

Barrons is reporting that One Bank Is Making Big Bets on AMD, Seagate, Best Buy, and Target Stocks

Swedbank now owns 4,948,692 shares of chip maker AMD, which is interesting because the bank also reduced its holdings of Intel (INTC), AMD’s much larger rival. Over the third quarter, the bank sold 500,463 Intel shares, cutting its stake to 3.28 million shares.

CPU

Credit: AMD

One of Sweden’s largest banks has initiated large positions in AMD. It doesn’t seem to be a case of bargain-shopping, either. All the stocks it bought are sporting year-to-date gains.

Swedbank disclosed Thursday in a regulatory filing that as of Sept. 30 it owned $152.8 million in Advanced Micro Devices (AMD) stock, $110.6 million in Seagate Technology (STX) shares, $175.0 million in shares of Best Buy (BBY), and $198.3 million in Target (TGT) stock.

These shares were all bought by Swedbank during the third quarter; it owned none of these stocks at the end of the second quarter, according to a report the bank made to the Securities and Exchange Commission.

Swedbank didn’t immediately respond to a request for comment. Barrons

Swedbank now owns 4,948,692 shares of chip maker AMD, which is interesting because the bank also reduced its holdings of Intel (INTC), AMD’s much larger rival. Over the third quarter, the bank sold 500,463 Intel shares, cutting its stake to 3.28 million shares. AMD has been trouncing Intel in 2018; AMD shares have rocketed more than 155% while Intel has slipped 3.1%.

Earlier reporting from Ulrtagamerz

In early 2018 we reported on many things we thought as bullish in 2018 for AMD such as datacenters and ryzen cpus and also the mining craze. But what are the new and upcoming bullish signs for AMD finishing 2018 and entering 2019.

  1. Great Leadership – Dr. Lisa Su and team
  2. Architectural Design Brilliance
  3. Chiplets/Modularity/Infinity Fabric for Moore Performance
  4. Modularity+Infinity Fabric for Less Engineering Cost
  5. Modularity/Infinity Fabric Enables Unique Products
  6. Zhongshan Subor gaming console in Chinese market
  7. Microsoft Xbox
  8. Sony Playstation
  9. AMDs new generation of laptops and desktop APUs
  10. Tesla has discarded Nvidia GPUs for its new autonomous driving hardware. It is rumored that the new hardware is using AMD hardware with custom Tesla designed elements
  11. TAM++ :  AMD is shipping products this year across a larger TAM than any of it’s competitors.
  12. Semiconductor design is like driving a semi-trailer
  13. 7nm Rome Epyc “Monster” : 32/64 cores/threads per chip
  14. 7nm Vega X2 “Monster” : 7nm Vega has Infinity Fabric and can be run with MULTIPLE Vega chiplets in one GPU.
  15. Security: AMD did not as much nightmares on the CPU flaws in 2018
  16. NEW Markets AMD has/will enter 2017-2019: mid and high end desktop CPU market, mid and high end laptop market, Entire workstation market, Entire professional desktop market, Entire professional laptop market, high end GPU market, Entire datacenter server CPU market low middle and high end, AI market, Embedded Market
  17. Institutional Demand: Only 692 institutions own AMD vs 2789 who own INTC

 

Tags: Technology, finance, AMD, amd stocks, amd price, amd bullish, amd cpu, amd gpu, amd skyrocket, stocks, amd shares, amd predictions

 

Mohsen Daemi
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