Key Takeaways
- Ark Invest liquidated 215,643 shares of AMD valued at approximately $75M following a 70% surge in the past month
- AMD shares climbed 13.9% on April 24, propelled by Intel’s impressive quarterly performance
- Intel shares jumped 23% following robust data center CPU revenue linked to artificial intelligence infrastructure investments
- AMD continues as the third-largest position in Ark Innovation ETF with $416M in holdings after the partial exit
- D.A. Davidson elevated AMD to Buy status with a price target increase from $220 to $375
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
Daily trading records from Ark Invest revealed the firm divested 215,643 AMD shares from its portfolio. The transaction was executed at a closing price of $347.81 per share.
The transaction appears to represent classic profit realization. AMD maintains its position as the third-largest holding within the Ark Innovation ETF (ARKK), currently valued at $416 million.
AMD’s remarkable momentum was ignited by Intel’s performance. The semiconductor giant delivered robust first-quarter results and elevated forward guidance, highlighting increased demand for data center processors from enterprises expanding artificial intelligence infrastructure investments.
Intel’s stock soared 23% on April 24. The positive sentiment cascaded to AMD, propelling its shares upward by 13.9% during the same trading session.
Intel CEO Lip-Bu Tan stated emphatically during the earnings call: “The CPU is reinserting itself as the indispensable foundation of the AI era.”
Analyst Community Responds
D.A. Davidson analyst Gil Luria elevated AMD to Buy from Neutral and raised the price target to $375 from $220.
“We view Intel’s results as a precursor for a huge step-up for AMD’s CPU franchise,” Luria stated. He identified structural demand from agentic AI workloads as a catalyst.
Both AMD and Intel have implemented multiple CPU price increases throughout the year, with average hikes ranging from 10% to 15%, per Nikkei Asia reporting.
AMD announces its first-quarter performance on May 5. Market participants will scrutinize AI-related revenue figures.
Wood’s Strategic Vision
ARKK has declined 1.76% year-to-date, compared to the S&P 500’s 4.67% gain during the identical timeframe.
Wood has consistently communicated her perspective. She anticipates AI, robotics, and biotechnology fueling 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 remarked during a March Bloomberg podcast.
She has additionally maintained that AI creates deflationary pressure, referencing training costs declining 75% annually and inference costs dropping as much as 98% each year.
Despite her bullish outlook, ARKK has experienced approximately $1.12 billion in net redemptions during the 12-month period ending April 21, based on ETF research firm VettaFi data.
Over a five-year horizon, ARKK has produced an annualized return of -9.01%, compared to the S&P 500’s 13.01% performance.
GuruFocus calculates AMD’s GF Value at $212.86, marking the stock as 63.4% overvalued at present trading levels. Insider transactions at AMD have reached $63.9 million in sales throughout the past three months.
AMD’s Q1 2026 earnings are scheduled for May 5
