On Thursday, Cathie Wood-led Ark Invest made notable trades involving Advanced Micro Devices Inc. (NASDAQ:AMD) and Tempus AI Inc. (NASDAQ:TEM). These trades reflect Ark’s strategic repositioning amid evolving market dynamics.
The AMD Trade
ARK Innovation ETF (BATS:ARKK) fund reduced its stake in Advanced Micro Devices Inc. by selling 8,045 shares. The transaction, valued at approximately $3.3 million, was executed at AMD’s closing price of $408.46 on Thursday.
This move aligns with Ark’s recent trend of trimming its AMD holdings. Recently, AMD’s CEO, Lisa Su, highlighted the company’s strong start to 2026, driven by increased AI adoption and demand for compute infrastructure. The rise of AI agents has significantly boosted the need for CPUs, despite the critical role of GPUs in AI acceleration.
Despite the positive outlook, Ark’s decision to sell AMD shares may indicate a strategic shift. The company has been capitalizing on AMD’s recent performance, as the stock has been hot due to the AI-driven demand surge. On Tuesday, Ark sold $16 million worth of AMD shares, while …
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