{
  "id": 5074192,
  "title": "Tiger Global Cut Alphabet 45% and Opened an AMD Position. Is It Rotating From AI Platforms to AI Chips?",
  "url": "https://urgent.news/2026/09/02/tiger-global-cut-alphabet-45-and-opened-an-amd-position-is-it",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-02T11:01:07.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/tiger-global-cut-alphabet-45-110107456.html"
  },
  "original_language": "en",
  "account": "Tiger Global Management experienced a notable shift in its AI investments in August. The fund reduced its stake in Alphabet Inc., Google's parent company, by 45.4%, from 10.63 million shares to 5.81 million. Simultaneously, Tiger Global opened a position in Advanced Micro Devices (AMD), a chip supplier planning to capitalize on AI demand. This portfolio reshuffle is more likely a rebalancing effort than a complete withdrawal from Alphabet. Despite Alphabet retaining a substantial position, the fund's actions suggest a reassessment of its AI strategy. Alphabet Inc. remains a significant portion of the fund's holdings, backed by strong growth in Google Cloud and the company's diverse AI applications. Alphabet's models, custom chips, data, and global user base create multiple revenue streams, but its cost and regulatory challenges could impact long-term viability. Advanced Micro Devices, on the other hand, offers a more concentrated exposure to the AI chip market. The company's second-quarter revenue surged 50%, with data-center revenue up a staggering 107%. Revenue growth in the data center sector is driving AMD's success. However, Nvidia's software ecosystem continues to dominate market share, and customers developing in-house chips may limit AMD's merchant opportunities. Together, these moves indicate Tiger Global's strategy of diversifying within the AI sector—leveraging Alphabet's platform advantages while seeking growth potential in the growing AI chip market. Hedge funds have also increased their stake in both companies, with Alphabet holdings rising from 265 to 275 funds, and AMD's holdings increasing from 134 to 164 funds. Despite the portfolio changes, analysts emphasize the need to evaluate cloud margins and accelerator deployment growth as the next critical indicators, rather than simply relying on the portfolio's composition.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}