The Fund’s Largest Relative Detractor: Unowned Advanced Micro Devices (AMD)
The Fidelity Dividend Growth Fund, an investment strategy focused on capital appreciation through large- and mid-cap stocks with strong dividend growth prospects, highlighted Advanced Micro Devices (AMD) as its largest relative detractor in the second quarter of 2026. AMD, a leading semiconductor company, designs and manufactures AI accelerators, microprocessors, and graphics processing units.
The fund reported AMD's shares closed at $493.41 per share on September 14, 2026, with a market capitalization of $805.61 billion. Despite AMD's strong performance over the past year, with returns up 226.08%, it was the largest relative detractor for the quarter.
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