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Aditya Raghunath

Coatue Management Opens New Position in AMD Stock. View This as a Renewed Bet on the AI Trade.

AMD Coatue Coatue Management Anthropic SpaceX Intel Corporation

Hedge fund manager Philippe Laffont's Coatue Management just made a fresh bet on Advanced Micro Devices (AMD). New 13F filing data shows the firm opened a brand new position in AMD stock during the second quarter. Coatue bought 95,987 shares of AMD stock, worth about $55.8 million as of the June 29 filing date.

The AMD position sits inside a much bigger pattern. Coatue Management also opened new positions in SpaceX (SPCX), Intel (INTC), Cerebras Systems (CBRS), Hut 8 (HUT), and several other companies tied to artificial intelligence (AI) infrastructure.

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Bubba Wallace, Alex Bowman uninjured after vicious crash in Charlotte NASCAR Cup race

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Wallace very gingerly climbed out of his destroyed No. 23 Toyota, but thankfully walked away under his own power

Colorado woman was accused of stealing by sergeant who said he’d been watching her movements for a month. She is now suing both him and Flock Safety

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Another surveillance fiasco.

We Got This Covered

Georgia family of 5 dead in apparent murder-suicide

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‘This was a hard scene for everybody involved,’ Coffee County Sheriff Fred Cole said

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Abdul El-Sayed: Democrats must ‘win by massive numbers’ to fend off Trump election denial

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Democratic Senate candidate’s remarks come as Trump has long baselessly claimed his 2020 election loss was stolen

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Ohio animal hospital owner accused of using dead dog’s name to obtain thousands of prescription pills

Ohio animal hospital owner accused of using dead dog’s name to obtain thousands of prescription pills

Dr. Kris L. Taylor and Camille Angulat-Nieto received over 20 prescriptions for ‘Punkin’ a dog that was already dead

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