Cathie Wood Sells $79.9M in AMD Shares, Reallocates to Alphabet and Meta
Cathie Wood's ARK Invest sold $79.9 million in AMD shares following a 68% stock surge, reallocating proceeds to Alphabet and Meta. The move reflects strategic profit-taking and a shift toward AI infrastructure opportunities. The sale occurred amid AMD's 71.5% monthly increase, driven by AI demand.
Topics: AI infrastructure ARK Invest Cathie Wood portfolio management semiconductor industry stock trading