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Micro investing apps recent IPO activity
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Recent IPO activity, particularly in tech and fintech, has found strong retail demand through micro investing apps. Many IPO allocations were fully subscribed within 24 hours of listing availability on these platforms. Additionally, the company’s Q4 Data Center revenue reached a record $3.9 billion, jumping 69% year-over-year as AI adoption accelerated. Advanced Micro Devices, Inc. (NASDAQ:AMD) launched the MI325X and began sampling the MI350 series. Client revenue surged 58%, and AMD secured its first full PC portfolio deal with Dell. In contrast, gaming revenue fell 59% due to predicted semi-custom adjustments. Even when embedded revenue dropped 13%, AMD won a record $14 billion in design wins over the year. When I signed up in 2020, Robinhood gave me a free share of AMC stock, which was valued at $2.79 at the time. That was, of course, before it became a popular meme stock and the value skyrocketed. I sold that share about a year later for over $27. Compared with traditional brokerages, micro investing apps processed a record $28 billion in trades last month, reinforcing their status as a primary entry point for first-time equity investors.