ARK Invest Shifts Millions From AMD Into Broadcom Ahead of Earnings

Overview

• ARK sold roughly 37,977 AMD shares for about $18.1–$18.2 million and used proceeds to buy 57,705 Broadcom shares worth about $20.5 million in transactions executed on Wednesday, August 26.
• The firm also purchased AI-linked names, buying about $12.8 million of Cerebras Systems and roughly $13.3 million of Cloudflare, adding roughly $26 million of fresh AI exposure.
• Trades were carried out across multiple ARK ETFs rather than a single fund, showing a coordinated portfolio rebalance rather than an isolated trade.
• The move came as Nvidia reported strong results and ahead of Broadcom's forecast that its AI semiconductor business could reach about $16 billion for the quarter, with analysts projecting roughly 83% year-over-year revenue growth for Broadcom's fiscal Q3.
• What to watch next: Broadcom's September 3 earnings will test ARK's positioning and could reshape flows into AI-focused chip suppliers and the relative demand for AMD if Broadcom confirms higher AI revenue or guidance.