Cathie Wood's ARK Invest Sells Millions in Semiconductor Stocks Amid Strong Performance
Cathie Wood’s ARK Invest sold over $28 million worth of shares in Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing Company (TSM), continuing a trend of trimming positions in its top holdings. The sales occurred as both stocks approached record highs, with AMD up nearly 100% year-to-date and TSM gaining more than 33%. This move is seen less as bearish sentiment and more as profit-taking ahead of potential market shifts.