Cathie Wood Sold $110 Million of AMD and Bought Nvidia Instead
ARK Invest sold $110.5M in AMD shares and bought $81.6M in Nvidia, along with other tech stocks. AMD is up 183.7% YTD, while Nvidia gained 22.11%. ARK's moves may reflect rebalancing, with no public explanation provided. AMD's market cap briefly hit $1T, and Nvidia announced a $150B buyback.
How this was made
The 30-second read
Why it matters
Fund flow news can trigger short‑term price moves, especially in high‑volatility AI chip stocks.
Market read
The disclosed trades provide fresh insight into fund positioning in the AI chip space, offering traders a basis for short‑term positioning.
What to watch
ARK's moves may reflect internal portfolio constraints rather than a view on company fundamentals.
Background
ARK Invest rebalanced its semiconductor exposure, reducing AMD and adding Nvidia, alongside other mid‑cap positions.
Ticker impact
ARK Invest sold 181,767 AMD shares worth $110.5 M, a notable divestiture from a stock that has risen 183.7% YTD.
likely pressure as the market prices in the sizable sell-off
The sale represents a $110 M reduction in demand from a major activist fund.
ARK Invest bought 356,681 Nvidia shares worth $81.6 M, increasing exposure to the chipmaker.
likely support as the market prices in the sizable purchase
The purchase adds $81 M of demand from a well‑known growth fund.
ARK bought Broadcom shares worth about $27 M as part of its rebalancing.
slight support as the market absorbs the $27 M buy
Broadcom receives a multi‑million dollar addition from ARK.
ARK added roughly $17.3 M of Tesla shares to its ETFs.
small support as the market prices in the $17 M addition
Tesla receives a modest fund inflow.
ARK bought CoreWeave shares worth about $21.7 M.
potential support as the market absorbs the $22 M buy
CoreWeave gains a notable fund allocation.
ARK sold $38.5 M of 10x Genomics shares.
likely pressure as the market prices in the $38 M sell
10x Genomics sees a large reduction in holdings.
ARK sold $10.9 M of Tempus AI shares.
possible pressure as the market prices in the $11 M sell
Tempus AI experiences a modest fund exit.
Market effects
The chip and AI‑related sector may see short‑term rebalancing pressure as a major fund shifts between AMD and Nvidia.
U.S. equity markets could experience modest volatility in semiconductor names.
Limited to investors tracking large‑cap chip makers and fund‑flow dynamics.
Counterpoint
The sell‑off in AMD may be overblown; the stock's fundamentals remain strong.
Key entities
- personCathie Wood
Founder of ARK Invest, known for active portfolio adjustments.
- entityARK Invest
Active investment manager whose trades influence market sentiment.
