Cathie Wood's Fund Rotates Millions From AMD Into Nvidia

Cathie Wood's Fund Rotates Millions From AMD Into Nvidia

2026-08-31 companies

St. Petersburg, Sunday, 30 August 2026.
ARK Invest sold $74.5 million in AMD shares on August 28, 2026, reallocating capital into Nvidia and Broadcom to capture dominant hardware leadership in the artificial intelligence sector.

ARK Invest Executes Major Semiconductor Reallocation

ARK Investment Management executed significant portfolio adjustments on Friday, August 28, 2026, disclosing the sale of 156,286 shares of Advanced Micro Devices, Inc. (AMD) valued at approximately $74.5 million [2][6][7]. Concurrently, the firm acquired 243,707 shares of Nvidia Corporation (NVDA) for $55.6 million and 55,131 shares of Broadcom Inc. (AVGO) for $20.5 million [2][7][8]. This reallocation highlights a strategic pivot toward dominant hardware leaders in the artificial intelligence sector, with the combined technology purchase totaling 76.1 million [2][7]. The transactions were revealed through daily trade disclosures across multiple ARK ETFs, including ARKK, ARKQ, and ARKW [6][8]. These moves were part of a broader trend observed throughout the week, following earlier sales of AMD stock on Wednesday, August 26, 2026 [4][6].

Market Context and Valuation Dynamics

The divestment from AMD follows a substantial rally in the stock, which gained approximately 121% in 2026 prior to the sale [4][6]. Analysts suggest the move represents a rotation within the AI theme rather than a full exit from semiconductors, as ARK Invest maintains a significant stake in AMD worth roughly $193.3 million [4][6]. Nvidia’s position remains robust, with the company forecasting $108 billion revenue for the current quarter following a 106% revenue increase in Q2 [7]. Wall Street maintains a Strong Buy consensus rating for Nvidia, AMD, and Broadcom, though Nvidia holds the highest upside potential at 50.97% according to average price targets [7]. Broadcom is scheduled to report fiscal third-quarter results on September 2, 2026, adding urgency to the strategic positioning [6][7].

This recent activity mirrors earlier strategic shifts, including a June 1, 2026, transaction where ARK purchased $63.3 million in Nvidia shares while selling $56.88 million in AMD [3]. Beyond semiconductors, ARK Invest continued to adjust its biotechnology holdings, purchasing shares of Veracyte and Intellia Therapeutics while reducing exposure to Twist Bioscience [5][8]. The firm also expanded its digital asset exposure by acquiring units of the 3iQ Solana Staking ETF, marking its fourth purchase of the product in August 2026 [8]. These moves underscore a disciplined approach to risk allocation across high-conviction thematic areas, balancing hardware dominance with genomic innovation and selective digital asset interest [5][8].

Sources


Nvidia ARK Invest