Gabelli Global Growth Fund Adds Advanced Micro Devices (AMD) to Portfolio
The Gabelli Global Growth Fund added a position in Advanced Micro Devices Inc. (NASDAQ: AMD), allocating it 1.1% of net assets as of June 30, 2026. The fund returned 12.84% during the second quarter of 2026, slightly below the S&P 500's performance but in line with its long-term growth strategy focused on AI and technology sectors. AMD is a key player in high-performance computing and graphics solutions for data centers, PCs, gaming, and embedded applications. Its stock closed at $615.52 per share as of September 21, 2026, with a market capitalization of approximately $1.01 trillion. The fund's decision to invest in AMD reflects its strategy of concentrating on high-conviction ideas despite short-term volatility and aligns with broader industry trends favoring AI-driven technologies.
Tickers: $AMD
Topics: Advanced Micro Devices (AMD) Gabelli Global Growth Fund portfolio changes