Key Highlights
- Ark Invest liquidated 215,643 shares of AMD valued at approximately $75 million following a dramatic 70% monthly surge
- AMD stock climbed 13.9% in a single trading session on April 24, catalyzed by Intel’s impressive quarterly results
- Intel shares rocketed 23% higher after reporting robust data center CPU sales fueled by artificial intelligence infrastructure investments
- Despite the substantial sale, AMD continues as the third-largest position in Ark Innovation ETF with $416 million in holdings
- D.A. Davidson analyst elevated AMD rating to Buy, increasing the price target from $220 to $375
Cathie Wood’s Ark Invest divested approximately $75 million in Advanced Micro Devices shares on April 24, capitalizing on AMD’s impressive nearly 70% appreciation over the preceding month.
Advanced Micro Devices, Inc., AMD
According to Ark Invest’s publicly disclosed trading records, the investment firm shed 215,643 AMD shares throughout its portfolio of funds. The transaction was executed at a closing price of $347.81 per share.
The divestment appears to be classic profit realization. Advanced Micro Devices maintains its position as the third-largest equity holding within the Ark Innovation ETF (ARKK), representing a portfolio value of $416 million.
AMD’s extraordinary performance was ignited by Intel’s quarterly report. The semiconductor giant delivered robust first-quarter financial results and elevated forward guidance, highlighting accelerating demand for data center processors from enterprises expanding AI infrastructure capabilities.
Intel’s stock soared 23% on April 24. The momentum created a powerful tailwind for AMD, propelling its shares upward by 13.9% during the same trading session.
Intel CEO Lip-Bu Tan articulated the strategic shift during the earnings conference: “The CPU is reinserting itself as the indispensable foundation of the AI era.”
Analyst Sentiment Shifts Bullish
D.A. Davidson’s Gil Luria elevated his rating on AMD from Neutral to Buy, simultaneously raising the firm’s price objective to $375 from the previous $220 target.
“We view Intel’s results as a precursor for a huge step-up for AMD’s CPU franchise,” Luria noted in his research commentary. He identified structural demand stemming from agentic AI workloads as a key growth catalyst.
Both AMD and Intel have implemented multiple CPU pricing adjustments throughout this year, with average price hikes ranging from 10% to 15%, according to reporting from Nikkei Asia.
AMD is scheduled to announce its first-quarter financial performance on May 5. Market participants will scrutinize details regarding AI-driven revenue contributions.
Ark’s Investment Philosophy Under Scrutiny
ARKK has declined 1.76% year-to-date, contrasting with the S&P 500’s 4.67% gain during the identical timeframe.
Wood has consistently articulated her investment thesis. She envisions artificial intelligence, robotics, and biotechnology propelling what she characterizes as a “great acceleration” in worldwide economic expansion.
“We’re not going into the Great Depression, we’re going into the great acceleration,” she stated during a March interview on Bloomberg’s podcast.
She has additionally contended that AI exhibits deflationary characteristics, referencing training expenditures declining 75% annually and inference costs plummeting as dramatically as 98% per year.
Notwithstanding this optimistic perspective, ARKK experienced approximately $1.12 billion in net redemptions during the 12-month period concluding April 21, based on data from ETF analytics provider VettaFi.
Throughout a five-year horizon, ARKK has generated an annualized return of -9.01%, dramatically underperforming the S&P 500’s 13.01% return.
GuruFocus calculates AMD’s GF Value at $212.86, suggesting the semiconductor stock is 63.4% overvalued relative to its current trading price. Corporate insiders at AMD have collectively sold $63.9 million in stock during the previous three-month period.
AMD’s Q1 2026 earnings are scheduled for May 5
