Key Takeaways
- Cathie Wood’s ARK Invest acquired 280,450 shares of Amazon valued at approximately $71.5 million on April 24, 2026
- On the same date, ARK divested 215,643 AMD shares totaling roughly $65.8 million
- Amazon shares have climbed 15% in 2026, touching a record peak of $263.99 on April 24
- AMD stock has soared 62% year-to-date, jumping 14% following positive Intel earnings
- Amazon’s Q1 FY26 results drop April 29; AMD reports on May 5
Cathie Wood’s investment strategy is becoming increasingly transparent. ARK Invest has been methodically increasing its Amazon holdings while simultaneously reducing exposure to AMD — and the trading activity from last Friday leaves little room for interpretation.
On April 24, ARK accumulated 280,450 Amazon (AMZN) shares distributed across its exchange-traded funds, representing approximately $71.5 million in value. This marked ARK’s second Amazon acquisition that week, coming after a modest 3,492-share purchase days earlier.
Simultaneously, ARK liquidated 215,643 AMD (AMD) shares valued at approximately $65.8 million. This transaction builds on a previous AMD divestment of roughly 44,446 shares from earlier in April.
The trading pattern reveals a calculated reallocation — moving away from chip manufacturing stocks toward what Wood perceives as the superior artificial intelligence infrastructure opportunity.
Amazon’s equity value has advanced more than 15% since the start of the year, hitting a record high of $263.99 on April 24. ARK’s purchase timing carries significance, arriving just days before Amazon unveils its Q1 FY26 financial results on April 29 following the closing bell.
Analysts project Amazon will deliver earnings per share of $1.63, representing a 2.5% year-over-year increase. Top-line revenue is anticipated to expand approximately 14% to $177.27 billion.
What to Expect from Amazon’s Quarterly Report
Prior to the earnings announcement, Cantor Fitzgerald’s analyst Deepak Mathivanan increased his Amazon valuation target to $280 from $260, maintaining an Overweight stance. He highlighted robust AWS expansion fueled by artificial intelligence demand, noting a growing backlog from partnerships with OpenAI and Anthropic. However, he cautioned about elevated expenses as a potential headwind.
Amazon maintains a Strong Buy rating among Wall Street analysts, supported by 42 Buy recommendations and three Hold ratings. The consensus price target stands at $287.33, suggesting approximately 8.8% appreciation potential from present trading levels.
Amazon’s GF Score registers at 94 out of 100, featuring a maximum 10/10 growth ranking. The stock trades at a P/E multiple of 36.82x. One cautionary signal: corporate insiders have liquidated approximately $28 million in shares during the previous three months, with zero insider acquisitions during that timeframe.
AMD’s Remarkable Rally
AMD has delivered impressive performance. Shares have appreciated 62% year-to-date, propelled by artificial intelligence processor demand and data center expansion.
Friday’s remarkable 14% single-session jump followed Intel’s announcement of stronger-than-anticipated Q1 performance, boosting optimism throughout the semiconductor sector. This rally potentially provided Wood with an advantageous opportunity to realize gains ahead of AMD’s earnings disclosure on May 5.
D.A. Davidson’s analyst Gil Luria elevated AMD to Buy from Hold, emphasizing structural expansion in CPU demand and enhanced clarity regarding data center operations. He referenced Intel’s Q1 performance as evidence of potential upside for AMD’s upcoming financial report.
Wall Street forecasts AMD will announce Q1 EPS of $1.28, up 32% year-over-year, alongside revenue of $9.87 billion — representing a 33% annual increase.
AMD holds a Moderate Buy rating, with 20 Buy recommendations and seven Hold ratings. The average analyst price target of $295.04 suggests approximately 15% downside from current trading prices.
ARK executed additional portfolio adjustments on April 24, acquiring 4,020,925 shares of X-Energy Inc (XE) worth $92.5 million, while disposing of holdings in Rocket Lab (RKLB), Teradyne (TER), Caterpillar (CAT), and Iridium Communications (IRDM).
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