Advanced Micro Devices (AMD) Surged on an Agentic AI-Driven Server CPU Renaissance

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Soumya Eswaran

Tue, July 28, 2026 astatine 6:27 AM PDT 3 min read

Columbia Threadneedle Investments, an concern absorption company, released its "Columbia Seligman Global Technology Fund" 2nd 4th 2026 capitalist letter. A transcript of the missive tin beryllium downloaded here. During the quarter, the Fund's Institutional Class shares returned 50.34%, outperforming the MSCI World Information Technology Index's 33.65% gain. Stock enactment successful semiconductors, exertion hardware and software, unneurotic with an off-benchmark electrical instrumentality allocation, supported comparative performance, portion vulnerability to financials, user discretionary and healthcare detracted. Technology stocks rallied arsenic concerns implicit the Iran struggle eased and AI infrastructure spending boosted request for semiconductors, memory, networking, servers and powerfulness solutions. The Fund expects AI and data-centre concern to stay strong, supported by broadening net maturation and improving bundle bookings, unreality depletion and lawsuit spending. However, geopolitical uncertainty, higher involvement rates and dense AI concern could unit valuations and escaped currency flow. The strategy holds 50–75 exertion companies crossed marketplace capitalisations and uses bottom-up GARP probe to place misunderstood and undervalued businesses successful the exertion industry. In addition, delight cheque the Fund's apical 5 holdings to cognize its champion picks successful 2026.

In its second-quarter 2026 capitalist letter, Columbia Seligman Global Technology Fund highlighted Advanced Micro Devices, Inc. (NASDAQ:AMD). Advanced Micro Devices, Inc. (NASDAQ:AMD) is simply a starring semiconductor institution that designs and manufactures of AI accelerators, microprocessors, and graphics processing units. On July 27, 2026, Advanced Micro Devices, Inc. (NASDAQ:AMD) closed astatine $494.95 per share. One-month instrumentality of Advanced Micro Devices, Inc. (NASDAQ:AMD) was -14.80% and its shares gained 178.94% implicit the past 52 weeks. Advanced Micro Devices, Inc. (NASDAQ:AMD) has a marketplace capitalization of astir $807.07 billion.

Columbia Seligman Global Technology Fund stated the pursuing regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q2 2026 capitalist letter:

"The money did not ain immoderate of the larger cardinal processing portion (CPU) companies specified arsenic Advanced Micro Devices, Inc. (NASDAQ:AMD) and the server CPU accidental is having a renaissance driven by agentic AI. This deficiency of vulnerability yet detracted from performance, arsenic the companies' stock prices moved sharply higher during the quarter."

Goldman Sachs Raises its Price Target connected Advanced Micro Devices, Inc. (AMD)

Advanced Micro Devices, Inc. (NASDAQ:AMD) ranks 20 connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 134 hedge money portfolios held Advanced Micro Devices, Inc. (NASDAQ:AMD) astatine the extremity of the archetypal quarter, up from 132 successful the erstwhile quarter. While we admit the imaginable of Advanced Micro Devices, Inc. (NASDAQ:AMD) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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