In a notable portfolio shift during the second quarter of 2026, Chase Coleman's Tiger Global Management established a new position in Advanced Micro Devices Inc. The firm purchased 674,730 shares, valued at approximately $392 million at the end of the quarter, giving it a 1.63% weight in their reported assets. This trade was disclosed in a quarterly 13F filing, which is released with a delay after the reported period.
The investment occurred as Tiger Global trimmed its exposure to several other major technology companies. During the same period, AMD reported a strong 50% year-over-year revenue increase, driven by a more than doubling of its data center sales. The semiconductor company also noted accelerating demand related to artificial intelligence.