Why Cathie Wood Is Selling AMD Stock

The article explains why Cathie Wood and ARK Invest have been trimming AMD despite the stock’s strong 2026 rally. ARK sold about 80,536 AMD shares across ARKQ, ARKW, and ARKX, worth roughly $40 million, while redirecting capital toward SpaceX, which ARK bought after its debut. The piece argues the sales are more portfolio rebalancing than a bearish call, since AMD remains one of ARK’s largest holdings. Fundamentally, AMD’s AI and data-center growth story remains strong: it rose nearly 7% to a record $558.37 after acquiring MEXT, posted a Q1 revenue beat of 38% y/y to $10.25 billion, and issued Q2 revenue guidance of about $11.2 billion. Analysts remain bullish with a consensus Strong Buy and a $472.07 average target, though the stock has already exceeded that level. Overall, the market takeaway is that AMD’s long-term AI momentum is intact even as some investors rotate into newer opportunities.