Cathie Wood Sells $56.2 Million Worth Of AMD Shares Again, But Loads Up On $67.3 Million Worth Of Nvidia Stock Amid PC Chip Buzz

Ark Invest led by Cathie Wood trimmed its position in Advanced Micro Devices (AMD.OQ) while significantly increasing exposure to NVIDIA (NVDA.OQ) and buying into recently listed Cerebras (CBRS). On June 1, Ark sold 110,207 AMD shares (~$56.2M at a $510.13 close) and bought 300,017 NVIDIA shares across ARK ETFs (~$67.3M at a $224.36 close) after Nvidia’s Computex RTX Spark announcement. Ark also purchased 62,669 Cerebras shares via ARKK and ARKW (~$13.4M at $213.28). The trades underscore Ark’s rotation away from AMD toward Nvidia and AI-focused chip plays, a move that may pressure AMD stock while reinforcing momentum in Nvidia and IPO-era Cerebras. The activity was executed through multiple ARK ETFs (ARKK.US, ARKQ.US, ARKW.US, ARKF.US, ARKX.US).