Cathie Wood’s ARK Sells $75M AMD Shares, Rotates to Amazon in Profit-Taking Move

Latest reports detail ARK Invest's sale of 215,643 shares of Advanced Micro Devices Inc — worth about $75 million — confirmed in a Friday filing after initial coverage. The trades follow AMD's 13% surge on Friday and 77% monthly gain, driven by AI chip demand post-Intel's strong earnings. Cathie Wood's firm added Amazon and X-Energy while trimming Caterpillar, Rocket Lab, Teradyne, and Iridium, signaling portfolio rotation that could fuel short-term volatility in semiconductors amid the ongoing AI rally.