Intel and AMD Drop as Institutional Filings Reveal Heavy Bets on Intel
Shares of Intel (NASDAQ:INTC) and Advanced Micro Devices (NASDAQ:AMD) fell by approximately 4% amid a broader decline in the chip sector, driven partly by rising Treasury yields impacting high-multiple tech stocks. Despite strong year-to-date gains—180% for Intel and 136% for AMD through Monday—the market reacted to concentrated institutional investments revealed in quarterly 13F filings. NVIDIA (NASDAQ:NVDA) disclosed holding $29.9 billion worth of Intel shares, representing nearly half (47%) of its reported equity portfolio as of June 30. This significant exposure highlights a strategic bet on the chipmaker despite direct competition between NVIDIA and Intel in data center markets. SoftBank Group also revealed an oversized position in Intel, with $12.1 billion worth of shares making up over two-thirds (66.8%) of its U.S.-listed equity portfolio. The filings show a mix of bullish and bearish institutional activity: Coatue Management added to its Intel stake while Tiger Global increased holdings; however, D.E. Shaw, Renaissance Technologies, Point72 Asset Management reduced their positions, and Millennium Management placed put options on 7.4 million shares.
Topics: 13F_filings chip_sector stock_prices