Insider Trading Alert: AMD's Lisa Su Sells $20.4M Worth Of Chipmaker's Stock As AI-fueled Rally Continues Unabated In 2024
Portfolio Pulse from Shanthi Rexaline
AMD's CEO Lisa Su sold $20.4M worth of company stock amid an AI-fueled tech rally. The sale was part of a pre-planned trading strategy. AMD is seen as a beneficiary of the AI revolution, with an expected AI revenue run-rate of $4 billion exiting 2024. The company's shares have surged 19.75% YTD after a 128% rise in 2023.
February 24, 2024 | 2:50 pm
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AMD's CEO sold $20.4M of stock amid an AI-driven rally. The company is poised for significant growth in AI, with shares up 19.75% YTD.
The sale of AMD stock by CEO Lisa Su is part of a pre-planned trading strategy, indicating no lack of confidence in the company's future. AMD's strong position in the AI market and expected revenue growth from AI products contribute to a positive outlook, likely bolstering investor confidence and potentially driving the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100