Tue Oct 01 09:42:17 UTC 2024: ## Quarry LP Drastically Cuts AMD Stake in Q2
**SAN FRANCISCO, CA** – Investment firm Quarry LP significantly reduced its holdings in Advanced Micro Devices, Inc. (AMD) during the second quarter, according to a recent filing with the Securities and Exchange Commission. The firm slashed its stake by a whopping 99%, now owning only 1,009 shares of the semiconductor giant.
This dramatic move suggests a shift in Quarry LP’s investment strategy towards AMD, though the specific reasons for the reduction remain unclear. While the firm’s previous holdings in AMD are not disclosed, the substantial decrease points to a significant change in its investment outlook on the company.
The news comes at a time when AMD is facing increasing competition in the semiconductor market, with Intel aggressively pushing its own processors and other players gaining traction. It remains to be seen whether Quarry LP’s reduced position reflects a bearish sentiment on AMD’s future prospects or simply a strategic reallocation of resources.
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