Advanced Micro Devices closed at $505.74 per share on September 8, 2026, up 226.08% over the past year, after issuing stronger-than-expected guidance. American Century Investments' Focused Dynamic Growth Fund said in its Q2 2026 investor letter that not owning the stock hurt its returns, while hedge fund ownership of AMD climbed sharply during the quarter.
Advanced Micro Devices, Inc. (NASDAQ:AMD) closed at $505.74 per share on September 8, 2026, a market capitalization of $825.61 billion. The stock gained 7.72% over the past month and 226.08% over the past year.
American Century Investments' Focused Dynamic Growth Fund named AMD a key contributor in its Q2 2026 investor letter. The fund said not owning the chip designer detracted from its returns as shares advanced after the company issued stronger-than-expected guidance. It attributed the move to accelerating artificial intelligence and data center chip demand, with growth across both graphics processing units and CPUs.
Hedge fund interest in AMD grew alongside the rally. 164 hedge fund portfolios held AMD at the end of the second quarter of 2026, up from 134 in the prior quarter. AMD ranks 20th on a list of the 40 most popular stocks among hedge funds heading into 2026.
Source: Insider Monkey
Trading involves risk.
Risk Disclaimer
