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Mubadala Investment Takes Stake In AMD

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Mubadala Investment Takes Stake In AMD

Advanced Micro Devices (NASDAQ: AMD) shares are higher after a 13G filing from Mubadala Investment Company on Thursday, which showed a 4.9% stake in the company.

Mubadala Investment Company is headquartered in Abu Dhabi and the United Arab Emirates. It's a state-owned holding company that can be characterized as a sovereign wealth fund.

AMD shares traded higher by 2.7% at $30.49 in Friday’s pre-market session. The stock has a 52-week high of $35.55 and a 52-week low of $16.03.

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