Particle.news
Download on the App Store
4 ARTICLES
·
3d ago

ARK Invest Trims AMD After 68% Surge, Buys Alphabet and Meta

The shift highlights a move toward companies boosting AI infrastructure spending.

AMD has recorded a 68% year-to-date move and a 273% one-year return.
Image
Image
In the 12 months through April 30, the Ark Innovation ETF saw roughly $1.23 billion in net outflows.

Overview

  • ARK Invest, which disclosed trades Thursday, bought Meta and Alphabet across several ETFs and sold 172,305 AMD shares worth about $58 million.
  • Across multiple sessions in late April and May 1, ARK’s staged AMD sales reached roughly $79.9 million, according to daily trade data aggregated by TipRanks and reported by The Street.
  • The selling follows a roughly 68% one‑month jump in AMD’s stock and comes ahead of AMD’s May 5 earnings, where analysts expect about $9.84–$9.88 billion in revenue and around $1.28–$1.30 in EPS.
  • ARK’s buying focused on Big Tech that raised 2026 capital spending for AI buildouts, with Alphabet guiding to $180–$190 billion and rising 9.9% after earnings, while Meta guided to $125–$145 billion and fell 8.5%.
  • ARK’s daily disclosures make its rebalancing easy to track in real time, offering a window into how the firm takes profits in a fast‑rising chip stock and rotates into platforms ramping up data‑center investment.