Core Insights - CCM Investment Advisers disclosed a new position in Advanced Micro Devices (AMD) with an estimated purchase value of $11.13 million, acquiring 68,820 shares, representing 1.1% of the fund's $1.02 billion in reportable U.S. equity assets as of September 30, 2025 [1][2][3]. Company Overview - Advanced Micro Devices (AMD) reported trailing twelve-month (TTM) revenue of $29.6 billion and net income of $2.8 billion for the period ending June 28, 2025 [4][5]. - The company's forward price-to-earnings ratio stands at 28.57, and its enterprise value to EBITDA multiple is 48.83 as of October 10, 2025 [4]. - AMD specializes in high-performance computing and graphics solutions, focusing on innovation in CPUs, GPUs, and data center technology, targeting growth in enterprise, cloud, and gaming sectors [5][6]. Market Performance - As of October 9, 2025, AMD shares were priced at $232.89, reflecting a 36.18% increase over the prior 12 months, outperforming the S&P 500 by 17.67 percentage points [3][5]. - AMD generates revenue primarily from the sale of processors and graphics products to OEMs, cloud service providers, system integrators, and independent distributors in the global computing, data center, artificial intelligence, and gaming markets [10]. Strategic Partnerships - AMD announced a partnership with OpenAI on October 6, 2025, which is projected to deliver billions of dollars in revenue to AMD over the coming years [12]. - The AI market has seen significant growth, particularly after Nvidia's announcements in the third quarter of 2025, which may have influenced CCM Investment Advisers' decision to invest in AMD [11][12].