Cathie Wood Keeps Selling AMD Stock. Why, and Should You?

Cathie Wood’s Ark Invest trimmed AMD in April — about 44,446 shares (~$10.5M) — a move framed as portfolio management rather than a negative verdict. Market impact is muted: AMD’s fundamentals remain strong after record Q4 results (revenue $10.27B, data-center strength), hefty YOY gains (169% over 12 months) and bullish technicals (above 50- and 200-day MAs). Valuation is rich (trailing P/E ~75.7x) though forward PEG (~0.92) looks reasonable versus the sector. Analysts remain constructive (45-analyst consensus “Strong Buy”, $287.39 12-month target, ~11% upside). The Ark trimming may weigh on ARKK flows short-term, but AMD’s AI/data-center momentum and upbeat guidance (Q1 revenue guide $9.8B, +32% YoY) support a broadly positive market outlook for the stock.