Key Takeaways
- On April 24, 2026, ARK Invest acquired 280,450 shares of Amazon valued at approximately $71.5 million
- The same trading day saw ARK divest 215,643 AMD shares totaling roughly $65.8 million
- Amazon shares have climbed 15% year-to-date, touching a record peak of $263.99 on April 24
- AMD stock has soared 62% YTD, jumping 14% following positive Intel earnings
- Amazon’s Q1 FY26 results drop April 29; AMD announces earnings May 5
Cathie Wood’s investment strategy is becoming increasingly transparent. Her ARK Invest fund has been methodically expanding its Amazon holdings while simultaneously reducing exposure to AMD — and the transactions executed last Friday underscore this strategic repositioning.
ARK Invest snapped up 280,450 Amazon (AMZN) shares distributed across its exchange-traded funds on April 24, representing a transaction valued at approximately $71.5 million. This marked the fund’s second Amazon acquisition that week, coming after a more modest purchase of 3,492 shares days earlier.
Simultaneously, ARK offloaded 215,643 AMD (AMD) shares in a transaction worth about $65.8 million. This sale followed a previous divestment of approximately 44,446 AMD shares earlier this month.
The coordinated trading activity suggests a calculated portfolio rebalancing — shifting away from semiconductor manufacturing and toward what Wood perceives as the more comprehensive AI ecosystem opportunity.
Amazon’s equity value has jumped over 15% since the start of the year, hitting a lifetime peak of $263.99 on April 24. ARK’s purchase timing carries significance, coming just days before Amazon unveils Q1 FY26 financial results on April 29 during after-hours trading.
Analysts anticipate Amazon will deliver earnings per share of $1.63, representing a 2.5% year-over-year increase. Revenue projections point to approximately 14% growth, reaching $177.27 billion.
Amazon’s Upcoming Financial Report
Prior to the earnings announcement, Cantor Fitzgerald’s analyst Deepak Mathivanan elevated his Amazon price projection to $280 from $260, maintaining an Overweight stance. He highlighted robust AWS expansion fueled by artificial intelligence demand, noting growing backlog from partnerships with OpenAI and Anthropic. However, he cautioned about elevated expenses as a short-term concern.
Amazon enjoys a Strong Buy rating consensus among Wall Street analysts, supported by 42 Buy recommendations and three Hold ratings. The mean price objective stands at $287.33, suggesting approximately 8.8% appreciation potential from present valuation.
Amazon’s GF Score registers at 94 out of 100, featuring a maximum 10/10 growth ranking. The company trades at a P/E multiple of 36.82x. One potential concern: company insiders have liquidated roughly $28 million in stock during the previous three months, while no insider acquisitions were recorded during this timeframe.
AMD’s Strong Performance
AMD has delivered impressive returns. Shares have appreciated 62% year-to-date, propelled by artificial intelligence chip demand and data center expansion.
The stock’s remarkable 14% single-session jump on Friday followed Intel’s stronger-than-anticipated Q1 performance, boosting optimism throughout the semiconductor industry. This rally potentially provided Wood an opportune moment to realize gains ahead of AMD’s May 5 earnings disclosure.
D.A. Davidson’s analyst Gil Luria elevated AMD to Buy from Hold, highlighting structural expansion in CPU demand and improved clarity regarding data center operations. He referenced Intel’s Q1 performance as an indicator of potential upside for AMD’s forthcoming results.
Analysts project AMD will announce Q1 EPS of $1.28, reflecting 32% year-over-year growth, alongside revenue of $9.87 billion — representing a 33% annual increase.
AMD maintains a Moderate Buy consensus rating, comprising 20 Buy and seven Hold recommendations. The mean price target of $295.04 suggests roughly 15% downside from current trading levels.
Beyond these major transactions on April 24, ARK also acquired 4,020,925 shares of X-Energy Inc (XE) valued at $92.5 million, while divesting holdings in Rocket Lab (RKLB), Teradyne (TER), Caterpillar (CAT), and Iridium Communications (IRDM).
