Key Points
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In February, amid a decline in AMD’s share price, Cathie Wood’s Ark acquired approximately $28 million of the stock.
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On July 6, Ark divested over $8 million of AMD holdings.
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The same day, Ark allocated roughly $5.6 million to a different security.
On July 6, while Ark was actively rebalancing its portfolio, one of the standout transactions involved the sale of Advanced Micro Devices (NASDAQ: AMD).
Via the Ark Innovation ETF, Wood offloaded more than 15,000 AMD shares, exceeding $8 million in value.
While the move might raise eyebrows or signal potential trouble for AMD to some observers, the sale is more reflective of routine portfolio management than any fundamental issue with the company.
Image source: Getty Images.
The AMD buy-the-dip opportunity in February
On February 3, AMD released its fourth‑quarter and full‑year 2025 results, which were poorly received by the market. The stock fell 17.3% from February 3 to February 4, yet Cathie Wood viewed the dip as a buying opportunity.
On February 4, five of Ark’s ETFs acquired over 141,000 AMD shares, worth just above $28 million at that time; the position later turned out to be profitable.
A monster first quarter for Advanced Micro Devices
AMD found its footing in April, and shares surged after May 5, when the company posted first‑quarter 2026 earnings that surpassed estimates. Revenue reached $10.2 billion and earnings per share came in at $1.3 billion, beating the projected $9.8 billion and $1.2 billion. The firm also raised its second‑quarter revenue outlook to $11.2 billion, above the anticipated $10.5 billion.
The stock opened at $351.51 on May 5, the day of the earnings release, and rose to $409.49 at the open on May 6. By July 7, AMD’s shares closed at $516.11.
Portfolio management at work
On the same July 6 session, while the Ark Innovation ETF shed more than $8 million of AMD, three other Ark ETFs acquired roughly $5.6 million of Kratos Defense and Security Solutions stock.
Given that AMD’s price has risen roughly 140% year‑to‑date, Wood may consider the stock somewhat extended. Nevertheless, the sale appears to be a standard portfolio‑management move rather than a reaction to any operational concerns at AMD.
With AMD’s shares having climbed sharply since February, the divestment likely reflects profit‑taking to finance other investments.
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