Quick Overview
- Ark Invest liquidated 215,643 shares of AMD valued at approximately $75 million following a 70% surge in 30 days
- On April 24, AMD’s stock price leaped 13.9% in response to Intel’s impressive quarterly results
- Intel shares rocketed 23% higher after revealing robust data center CPU sales tied to artificial intelligence infrastructure
- Despite trimming its position, AMD continues as Ark Innovation ETF’s third-biggest stake valued at $416 million
- D.A. Davidson analyst lifted AMD rating to Buy with a new price objective of $375, up from $220
Cathie Wood’s investment firm unloaded approximately $75 million in Advanced Micro Devices shares on April 24, capitalizing on AMD’s extraordinary 70% climb during the preceding 30-day period.
Advanced Micro Devices, Inc., AMD
According to Ark Invest’s daily trading disclosures, the firm shed 215,643 AMD shares spread across multiple funds. This calculation uses AMD’s closing price of $347.81.
The transaction appears to be a textbook case of locking in gains. Advanced Micro Devices maintains its status as the third-most significant holding within Ark Innovation ETF (ARKK), representing $416 million in market capitalization.
AMD’s explosive recent performance was catalyzed by Intel’s quarterly report. The semiconductor giant delivered impressive first-quarter financial results and increased forward guidance, highlighting accelerating demand for server CPUs as corporations expand their AI computing capabilities.
Intel’s stock soared 23% on April 24. The positive momentum spilled over to AMD, propelling its shares 13.9% higher in the same trading session.
Intel CEO Lip-Bu Tan stated emphatically during the earnings conference: “The CPU is reinserting itself as the indispensable foundation of the AI era.”
Analysts Revise Expectations Upward
Gil Luria from D.A. Davidson elevated AMD’s rating from Neutral to Buy while simultaneously boosting the target price to $375 from the previous $220 level.
“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 from agentic AI applications as a fundamental growth catalyst.
Both AMD and Intel have implemented multiple CPU price hikes throughout the current year, with typical increases ranging between 10% and 15%, as reported by Nikkei Asia.
Advanced Micro Devices is scheduled to announce first-quarter earnings on May 5. Market participants are eager for additional clarity on revenue generated from AI-focused products.
Wood’s Investment Philosophy
ARKK has declined 1.76% year-to-date, contrasting with the S&P 500’s 4.67% gain during the identical timeframe.
Wood continues to articulate her bullish market perspective. She anticipates artificial intelligence, robotics, and biotechnology will power what she describes as a “great acceleration” in worldwide economic expansion.
“We’re not going into the Great Depression, we’re going into the great acceleration,” she explained during a March Bloomberg podcast interview.
She has additionally contended that AI technology creates deflationary pressures, highlighting that training expenses are declining 75% annually while inference costs plummet as much as 98% per year.
Despite her confident outlook, ARKK has experienced approximately $1.12 billion in net redemptions during the 12-month span ending April 21, based on data from ETF analytics firm VettaFi.
Over a five-year horizon, ARKK has generated an annualized return of -9.01%, compared with the S&P 500’s 13.01% performance.
GuruFocus calculates AMD’s GF Value at $212.86, suggesting the stock trades at a 63.4% premium to its intrinsic worth at present levels. Company insiders have offloaded $63.9 million in AMD stock during the most recent three-month period.
AMD’s Q1 2026 earnings are scheduled for May 5
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