AMD Exec Buys Stock for First Time in 12 Years as Shares Struggle
Warning! GuruFocus has detected 3 Warning Signs with AMD.
Guido picked up the shares on February 7 at an average price of $107.56, bringing his total holdings to 33,522 shares. His purchase comes as AMD's stock flirts with a 52-week low of $106.50, down more than 35% over the past year as investors worry about its ability to compete with Nvidia (NASDAQ:NVDA) in AI chips.
The last time an AMD insider bought stock on the open market was in 2012, when Lisa Su, now CEO, purchased 48,000 shares at just $2.05 per share while serving as a senior VP. Guido, who joined AMD in June 2023 after a long career at IBM (NYSE:IBM), is now tasked with helping the company regain momentum and boost investor confidence.
This article first appeared on GuruFocus.
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