Tiger Global cuts Alphabet and Nvidia stakes and adds AMD and SpaceX positions in Q2

AI Market Summary
Tiger Global's Q2 13F shows a notable rotation within mega-cap tech: sizable trims in Alphabet, Nvidia, Microsoft, Amazon and Meta, a full exit from Netflix, and reduced Broadcom/TSMC exposure. Offsetting this, the fund initiated AMD and SpaceX and more than doubled Intel, signaling a tilt toward semiconductors and select emerging tech. Near-term impact centers on positioning and flow narratives around AMD.
Impact level
● Medium
Affected assets
NCSKAMD2USD/USDT+0.71%
AI Insight · NCSKAMD2USD/USDTAI Insight
● Neutral
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Tiger Global overhauled its holdings in the second quarter, sharply reducing positions in several big technology names and exiting Netflix, according to a filing. The fund cut Alphabet by 45.4% to 5.81 million shares and trimmed Nvidia by 6.8% to 11.20 million shares, while reducing Microsoft, Amazon and Meta as well. It also added new positions in Advanced Micro Devices and SpaceX, with AMD shares up 6.5% to lead the S&P 500 on the day.