Quick Summary
- Ark Invest liquidated 215,643 shares of AMD valued at approximately $75 million following a stunning 70% monthly gain
- On April 24, AMD shares spiked 13.9%, propelled by Intel’s impressive quarterly results
- Intel’s shares rocketed 23% higher after the company revealed robust data center CPU sales tied to artificial intelligence infrastructure investments
- Despite the divestment, AMD continues as the third-biggest position in Ark Innovation ETF with $416 million in holdings
- Analyst firm D.A. Davidson elevated AMD to Buy status with a new price target of $375, up from $220
Cathie Wood’s Ark Invest liquidated approximately $75 million in Advanced Micro Devices shares on April 24, capitalizing on AMD’s remarkable 70% climb throughout the previous month.
Advanced Micro Devices, Inc., AMD
According to Ark Invest’s publicly available trading records, the investment firm disposed of 215,643 AMD shares spread across its various funds. The transaction was executed at AMD’s closing price of $347.81.
The transaction appears to be classic profit realization. Advanced Micro Devices maintains its position as the third-most significant holding within the Ark Innovation ETF (ARKK), representing $416 million in market capitalization.
AMD’s explosive momentum originated from Intel’s performance. The semiconductor giant delivered impressive first-quarter financial results and elevated its forward guidance, highlighting increased appetite for data center processors from enterprises expanding their AI computing capabilities.
Intel’s stock soared 23% on April 24. This momentum created a positive spillover effect for AMD, driving shares upward by 13.9% during that trading session.
During Intel’s quarterly earnings conference call, CEO Lip-Bu Tan declared: “The CPU is reinserting itself as the indispensable foundation of the AI era.”
Analyst Community Responds
Gil Luria, an analyst at D.A. Davidson, elevated AMD to a Buy rating from Neutral and boosted the firm’s price objective to $375, significantly higher than the previous $220 target.
“We view Intel’s results as a precursor for a huge step-up for AMD’s CPU franchise,” Luria stated in his research note. He identified structural demand stemming from agentic AI applications as a primary growth catalyst.
Both AMD and Intel have implemented multiple CPU price increases throughout this year, with typical adjustments ranging from 10% to 15%, as reported by Nikkei Asia.
AMD is scheduled to announce its first-quarter financial performance on May 5. Market participants will scrutinize AI-linked revenue figures closely.
Wood’s Strategic Vision
ARKK has declined 1.76% year-to-date, contrasting with the S&P 500’s 4.67% gain during the identical timeframe.
Wood has been outspoken regarding her market perspective. She anticipates AI, robotics, and biotechnology propelling what she characterizes as a “great acceleration” in worldwide economic expansion.
“We’re not going into the Great Depression, we’re going into the great acceleration,” she declared during a March appearance on a Bloomberg podcast.
She has additionally maintained that artificial intelligence creates deflationary pressures, referencing training expenses declining 75% annually and inference costs plummeting as dramatically as 98% per year.
Despite this positive outlook, ARKK has experienced approximately $1.12 billion in net redemptions during the 12-month period ending April 21, based on data from ETF analytics provider VettaFi.
Over a five-year horizon, ARKK has generated an annualized return of -9.01%, contrasting sharply with the S&P 500’s 13.01% performance.
GuruFocus calculates AMD’s GF Value at $212.86, indicating the stock trades at a 63.4% premium to its estimated fair value. Company insiders have collectively sold $63.9 million worth of AMD shares during the past three months.
AMD’s Q1 2026 earnings are scheduled for May 5
