Cathie Wood’s ARK Invest sold 215,643 AMD shares worth about $75 million across five ETFs on Friday.
The firm also increased holdings in Amazon.com and nuclear-reactor developer X-Energy, while trimming positions in Caterpillar, Rocket Lab, Teradyne, and Iridium Communications.
The AMD sale follows a 13% surge in its stock after Intel’s strong earnings, with AMD up 77% in the past month due to AI-driven semiconductor demand.
Is Cathie Wood's pivot from AMD to energy a sign the AI chip rally has finally peaked?
With AI memory chips sold out for 2026, can the industry's growth actually meet soaring expectations?
How will geopolitical risks to the chip supply chain impact the future of AI development?
Can new nuclear tech from firms like X-Energy scale fast enough to power the AI revolution?
As AI's energy use soars, will electricity costs become the next bottleneck for tech growth?