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ARK Invest Rotates: Sells $75 Million in AMD, Buys $71.5 Million in Amazon

The shift signals a tilt toward AI platforms following a chip rally sparked by Intel’s data-center outlook.

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Cathie Wood spends $72 million on Amazon.
In the 12 months through April 21, the Ark Innovation ETF saw roughly $1.12 billion in net outflows.

Overview

  • ARK Invest, which disclosed daily trades Friday, sold 215,643 AMD shares worth about $75 million and bought 280,450 Amazon shares for roughly $71.5 million across its ETFs.
  • AMD’s surge set up the trim after a 13.9% jump Friday and nearly 70% gains over a month, a run fueled by Intel’s strong results and guidance tied to data-center CPU demand.
  • Despite the sale, AMD remains a top position in Ark Innovation ETF, ranking third at about $416 million in market value.
  • The reallocation also added about $92.5 million of nuclear-energy startup X-Energy and reduced stakes in Rocket Lab, Teradyne, Caterpillar, and Iridium Communications.
  • Next catalysts arrive with Amazon reporting April 29 and AMD on May 5, after D.A. Davidson upgraded AMD to Buy and set a $375 target on rising AI-driven CPU needs.