{"id":84057,"date":"2023-03-03T01:51:46","date_gmt":"2023-03-03T06:51:46","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=84057"},"modified":"2023-03-03T01:39:15","modified_gmt":"2023-03-03T06:39:15","slug":"activist-hedge-fund-manager-dan-loeb-takes-a-passive-stake-in-amd","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2023\/activist-hedge-fund-manager-dan-loeb-takes-a-passive-stake-in-amd.html","title":{"rendered":"Activist hedge fund manager Dan Loeb takes a passive stake in AMD"},"content":{"rendered":"\n<p>(CNBC) Third Point\u2019s Dan Loeb has taken a passive stake in chipmaker <a href=\"https:\/\/www.cnbc.com\/quotes\/AMD\/\">AMD<\/a>, sources told CNBC\u2019s Scott Wapner. The hedge fund manager took the bet when AMD shares struggled, according to sources. AMD shares have underperformed the rest of the sector over the last 12 months, down more than 30% as the PHLX Semiconductor Index declined 14%.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/03\/02\/activist-hedge-fund-manager-dan-loeb-taking-a-stake-in-amd.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Third Point\u2019s Dan Loeb has taken a passive stake in chipmaker AMD, sources told CNBC\u2019s Scott Wapner. The hedge fund manager took the bet when AMD shares struggled, according to sources. AMD shares have underperformed the rest of the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-84057","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=84057"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84057\/revisions"}],"predecessor-version":[{"id":84058,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84057\/revisions\/84058"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=84057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=84057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=84057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}