Cathie Wood Sells AMD
Cathie Wood Sells AMD Shares Amid Ongoing Market and Tech Shifts
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Cathie Wood's ARK Invest sold $110 million in Advanced Micro Devices (AMD) stock in a single trading session, according to CryptoNews. The fund simultaneously bought $81 million in Nvidia shares and added positions in Broadcom, signaling a major shift in Wood's semiconductor bets.
AMD Exit, Nvidia Bet Accelerates
ARK Invest dumped 181,767 AMD shares worth $110.5 million, spreading the sale across four separate ARK funds, per CryptoNews. The same session saw Wood purchase 356,681 Nvidia shares for $81.04 million, a show of faith in the chipmaker as AI demand soars. Yahoo Finance also reported the purchase of 76,263 Broadcom shares, broadening Wood's pivot away from AMD.
Why Wood Abandoned AMD for Nvidia
The $110 million exit reflects growing investor concern about AMD's enterprise AI position compared to Nvidia's dominance. Developers have emphasized trust and support in AI projects, areas where Nvidia has built a stronger moat. ABCMoney noted that Nvidia had recently surged in value, making it the preferred destination for AI-focused capital reallocation.
ARK's Broader Tech Rotation Play
Wood's move reflects a wider strategy: rotating capital from lagging semiconductor players into AI leaders. The $110 million from AMD didn't flow solely to Nvidia—Broadcom also gained allocation, suggesting ARK is hedging across multiple AI infrastructure plays. IJR reported the total reinvestment exceeded the original AMD sale, pointing to new capital deployed into the sector.
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