In a significant portfolio shift, Whale Rock Capital increased its holding in Advanced Micro Devices by 2081.23%, from 69.21K shares to 1.51M. According to a quarterly disclosure filed on August 14, 2026, the value of the stake grew from $14.08M to $876.97M for the period ending June 30, 2026. This mandatory SEC filing reveals investment changes with a delay, so it does not reflect a real-time trade.
This trade made AMD a top holding for the major tech-focused fund, representing a jump to over 7% of its reported portfolio. The move comes as AMD focuses heavily on its AI accelerator chips and data center solutions, and it reported that data center revenue more than doubled year-over-year in its Q2 2026 results. Public analysis suggests this trade was part of a broader strategic pivot by Whale Rock towards AI hardware stocks.