Harbor Capital Appreciation Fund Added Advanced Micro Devices (AMD) in Q3

Core Insights - Harbor Capital Appreciation Fund reported a solid performance in Q3 2025, with a return of 5.11%, while the Russell 1000® Growth Index and S&P 500 Index returned 10.51% and 8.12% respectively, driven by AI momentum and strong corporate earnings [1] Company Overview - Advanced Micro Devices, Inc. (NASDAQ: AMD) is highlighted as a key investment, with a market capitalization of $350.094 billion and a share price of $215.04 as of December 24, 2025 [2] - AMD's stock experienced a one-month return of 0.37% and a significant 70.27% increase over the past 52 weeks [2] Investment Thesis - The fund initiated a position in AMD, citing its leadership in high-performance computing and AI solutions, a strong product roadmap, and growth prospects with major cloud providers [3] - AMD's innovation in data center and AI accelerators, along with broad market adoption, positions it as a compelling long-term investment in expanding technology markets [3] Market Position - AMD ranks 19th among the 30 Most Popular Stocks Among Hedge Funds, with 115 hedge fund portfolios holding its stock at the end of Q3, an increase from 113 in the previous quarter [4] - Despite acknowledging AMD's potential, some analysts believe other AI stocks may offer greater upside with less downside risk [4]