A well-timed stock purchase by Rep. Gil Cisneros (D-CA) is drawing public attention after Advanced Micro Devices Inc. (NASDAQ:AMD) shares have surged nearly 80% since his purchase ahead of the massive first-quarter earnings beat.
Highly Profitable Bet
On April 14, 2026, Rep. Cisneros executed a purchase of between $15,001 and $50,000 of AMD stock, when the stock closed at $255.07 apiece.
The semiconductor giant subsequently released its second-quarter earnings on May 5, revealing that AMD’s data center revenue jumped 57% and it blew past estimates.
The stock has advanced 29.14% since the earnings day when it closed at $355.26 apiece, contributing to an overall 79.87% climb since Cisneros’s mid-April investment. This remarkable run has transformed the California lawmaker’s position into a highly scrutinized windfall.
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