Why AMD’s largest shareholder sold tens of millions of its shares last week — and why the move made sense

Ten days after a second-quarter financial report filled with positive news, the largest shareholder of Advanced Micro Devices Inc. — and one of its board members — sold 40 million of the company’s shares.
United Arab Emirates-based Mubadala Investment Co. made $529.6 million on the Aug. 4 deal, based on AMD’s (Nasdaq: AMD) Aug. 3 closing price of $13.24, Reuters reported.
The sale came about six weeks after AMD CEO Lisa Su announced the launch of the semiconductor company’s Epyc processors…

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