Massive dump in stock market today for IPG Photonics (NASDAQ: IPGP). Down 26.87%. Was $224 at close on Monday and has fallen to $164. sauce: https://www.fool.com/investing/2018/07/31/why-ipg-photonics-is-falling-hard-today.aspx
AMD (NASDAQ: AMD) has had its second largest share holder (Mubadala Investment Co) sell $427.24 million of their stock today (22million shares @ $19.42 p/share). sauce: https://www.marketwatch.com/story/amds-stock-pulls-back-sharply-after-large-shareholder-discloses-427-million-share-sale-2018-07-31
Odd to see one investor dump so much considering AMD's growth has returned them to actually being a competitive alternative to Intel over the last 2 years.
Wikipedia says: "Mubadala Investment Company PJSC is a state-owned holding company that can be characterized as a sovereign wealth fund. It was established in January 2017 as a Public Joint Stock Company, merging the Mubadala Development Company and the International Petroleum Investment Company, and is a wholly owned investment vehicle of the government of Abu Dhabi, in the United Arab Emirates."
They also own the second largest semiconductor foundary company, GlobalFoundaries.
Don't know much more at the moment, perhaps some financeFags could dig easier?
What do those United Arab Emitates Sheikhs know?