Cathie Wood-led Ark Invest was active across multiple funds on Monday, with Advanced Micro Devices Inc. (NASDAQ:AMD) again standing out as one of the biggest selling themes in the day’s trading. At the same time, the firm added to a cluster of AI, autonomous mobility and aerospace names.
The AMD Trade
Ark kept trimming AMD, selling 35,111 shares from ARK Innovation ETF (BATS:ARKK), 2,055 shares from ARK Next Generation Internet ETF (BATS:ARKW) and 1,363 shares from ARK Blockchain & Fintech Innovation ETF (BATS:ARKF), for a combined 38,529 shares. The total value of the trades was estimated to be $16.2 million, based on AMD’s closing price of $420.99.
AMD had been in focus for several reasons before Ark’s latest sale. Benzinga recently reported that CEO Lisa Su met with China’s vice premier He Lifeng in Beijing, underscoring AMD’s strategic interest in the Chinese market, while a separate analyst note lifted the stock’s price target on expectations for rising server CPU demand tied to agentic AI.
Notably, Ark had sold 13,148 shares of AMD on Friday. Wood has been offloading millions worth of AMD stock in May.
The Bullish Trade
Bullish Inc. (NYSE:BLSH) drew purchases from ARKF, ARKK and ARKW. Ark bought 4,310 shares in ARKF, 38,900 shares in ARKK and 9,098 shares in ARKW, making the crypto platform a notable new position across the firm’s funds. The value of the trade was $1.9 million based on Bullish’s closing price of $35.56.
Bullish stock fell recently despite strong first-quarter results, as analysts flagged weaker second-quarter trading volumes and uncertainty around the timing of tokenization adoption and regulatory approvals tied to its Equiniti acquisition.
The Nvidia Trade
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