Key Takeaways
- ARK Invest acquired approximately 300,000 Nvidia (NVDA) shares totaling $63 million on June 1, 2026
- The firm simultaneously offloaded roughly 110,000 AMD shares valued at approximately $56 million
- Nvidia’s stock surged approximately 6% following the debut of cutting-edge AI PC processors at Computex
- AMD experienced a decline of up to 5.5% amid concerns that Nvidia is encroaching on its territory
- Tigress Financial analyst Ivan Feinseth boosted his Nvidia price forecast to $425, suggesting 92% potential gains
On Monday, June 1, 2026, Cathie Wood’s ARK Invest executed a decisive portfolio shift. The investment firm accumulated Nvidia shares while simultaneously exiting its AMD position.
The firm snapped up approximately 300,000 Nvidia shares distributed across multiple ARK exchange-traded funds. This strategic purchase totaled around $63 million.
Concurrently, ARK divested roughly 110,000 AMD shares. The divestment generated approximately $56 million in proceeds.
The Contrasting Performance of Two Chip Giants
Nvidia stock experienced a robust rally of approximately 6% during Monday’s trading session. This upward momentum followed the chipmaker’s presentation of innovative AI-oriented PC processors at the Computex technology summit.
Meanwhile, AMD stock faced downward pressure. During intraday trading, AMD plummeted as much as 5.5% before recovering slightly to close down roughly 1%.
The market’s reaction reflects investor anxiety that Nvidia is encroaching on AMD’s traditional stronghold in the PC chip sector.
Cathie Wood’s Evolving Perspective on Nvidia
Wood’s decision to accumulate Nvidia shares is particularly noteworthy given her historical skepticism toward the company. She previously ranked among Nvidia’s most prominent doubters.
In earlier years, Wood maintained that Nvidia’s market valuation had become excessive. Her investment thesis suggested that the ultimate beneficiaries of artificial intelligence would be the companies deploying AI technologies, rather than the semiconductor manufacturers supplying the hardware.
She previously stated that “AI now has to play out elsewhere for Nvidia’s valuation to make sense.” Wood also expressed concerns that proprietary AI processors developed by major technology corporations could erode Nvidia’s competitive advantage.
The trades executed on Monday indicate a significant shift in her investment philosophy.
ARK additionally acquired 62,669 shares of Cerebras Systems, representing approximately $14.85 million. This purchase extends a series of Cerebras acquisitions throughout the previous week, demonstrating ARK’s sustained commitment to AI semiconductor companies.
The firm also liquidated 23,584 Teradyne shares valued at roughly $8.83 million. This transaction continues ARK’s recent trend of decreasing its Teradyne exposure.
Wall Street’s Perspective on Nvidia
Ivan Feinseth from Tigress Financial elevated his Nvidia price objective from $360 to $425. He maintained his Strong Buy recommendation on the semiconductor giant. This revised target suggests potential appreciation of approximately 92% from present price levels.
Feinseth characterized Nvidia as “the must-own core holding for the AI investment cycle.” He highlighted the company’s Blackwell GPU architecture, advanced networking technologies, and comprehensive CUDA software ecosystem as critical competitive differentiators.
Among Wall Street analysts, Nvidia enjoys a Strong Buy consensus based on assessments from 40 professionals. This consensus comprises 38 Buy recommendations, one Hold rating, and one Sell rating. The mean 12-month price projection stands at $309.86, representing approximately 38% upside from recent trading levels.
AMD similarly commands a Strong Buy consensus from 35 analysts, consisting of 27 Buy ratings and 8 Hold ratings. The average price target for AMD sits at $477.33, which paradoxically trails current market prices by approximately 6%.
