Cathie Wood's ARK Dumps $74.5 Million of AMD, Buys Nvidia and Broadcom

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Summary · why it matters

Cathie Wood's ARK Invest sold 156,286 Advanced Micro Devices shares for $74.5 million and shifted the proceeds into two of the chipmaker's biggest AI rivals, buying 356,681 Nvidia shares for $81.04 million and 76,263 Broadcom shares worth $25.56 million. The move extends a pattern: on Aug. 28, ARK sold 156,286 AMD shares for $74.5 million and bought $55.6 million of Nvidia and $20.5 million of Broadcom. ARK has not explained the AMD sale, so the transactions do not prove Wood is pessimistic on the chipmaker, though the timing stands out. AMD has agreed to buy Fei-Fei Li's AI business World Labs for $8.2 billion in shares, while Nvidia reported fiscal second-quarter sales up 106% to $96.22 billion and added $150 billion to its share-repurchase authorization, leaving $235 billion. Broadcom, whose fiscal third-quarter AI revenue rose 221% to $16.7 billion, predicts fiscal 2027 AI sales will exceed $115 billion.

Impact on assets 3

Artificial Intelligence± Mixed · 3 stocks
Advanced Micro Devices Inc
AMD
▼ NegativeCapitalrelevance

ARK sold 156,286 AMD shares for $74.5M, extending a pattern of AMD selling, though ARK gave no explanation.

Broadcom Inc
AVGO
▲ PositiveCapitalrelevance

ARK bought 76,263 Broadcom shares worth $25.56M, adding to its position.

NVIDIA Corporation
NVDA
▲ PositiveCapitalrelevance

ARK bought 356,681 Nvidia shares for $81.04M, adding to its position.

Off-coverage companies 2

ARK Investment Management LLCPrivate± Mixed
Capitalrelevance

ARK is the subject of the story, executing the AMD sale and Nvidia/Broadcom purchases.

World LabsPrivate± Mixed
Capitalrelevance

AMD has agreed to buy Fei-Fei Li's AI business World Labs for $8.2B in shares, mentioned as context.

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