Bye Bye, AMD! Cathie Wood Ditches 57K Advanced Micro Shares

Cathie Wood’s ARK Invest executed a sizeable de-risking move, selling more than 57,000 shares of Advanced Micro Devices (AMD.OQ) as it trimmed exposure across AI and semiconductor names. The article notes ARK also reduced positions in peers such as Nvidia and Meta, signaling tactical profit-taking and portfolio rebalancing amid near-term valuation concerns. Despite ARK’s selling pressure, AMD reported strong fundamentals — record Q4 revenue of $10.3B (up 34% YoY), record FY revenue of $34.6B and a booming Data Center segment ($5.4B, +39% YoY) — and guided Q1 revenue of roughly $9.8B (32% YoY, -5% sequential). Analysts remain generally positive (Moderate Buy, mean target $286.37), so the market impact is near-term selling pressure but underlying bullish long-term outlook.