Aristotle Core Equity Fund on Advanced Micro Devices
Thesis
Aristotle initiated AMD because its product roadmap and rack-scale systems increasingly position the company as a credible second source in data-center CPUs and accelerated computing. The fund expects AMD to benefit from durable growth in AI, cloud computing, data centers, edge computing, PCs and gaming. EPYC server share gains, the MI300 accelerator franchise, future MI400 and MI500 products and continued development of the ROCm software ecosystem provide multiple growth drivers. Improving profitability and sustained hyperscaler demand give Aristotle confidence in revenue, margin and earnings growth over the next several years.
“We initiated Advanced Micro, as the company’s roadmap and rack-scale system capability now position it as a credible second source in data center central processing unit and accelerated compute.”