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Northwestern Mutual Cuts AMD Stake by 24.9% After SEC Filing

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Northwestern Mutual Wealth Management cut its AMD stake by 24.9% in the second quarter, valuing holdings at about $279.133 million. Raymond James upgraded AMD on potential agentic AI revenue growth, while HSBC moved the stock from buy to hold. Company insiders, including EVP Forrest Norrod, sold shares, with about $114.012 million of AMD stock sold in the prior three months.

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