Key Highlights
- ARK Invest acquired 280,450 Amazon shares valued at approximately $71.5 million on April 24, 2026
- The fund divested 215,643 AMD shares totaling roughly $65.8 million during the same trading session
- Amazon shares have climbed 15% year-to-date, touching a record peak of $263.99 on April 24
- AMD shares have surged 62% year-to-date, jumping 14% following positive Intel earnings
- Amazon’s Q1 FY26 earnings release is scheduled for April 29; AMD reports on May 5
Cathie Wood’s investment strategy reveals a distinct shift in focus. ARK Invest has consistently expanded its Amazon holdings while reducing exposure to AMD — and the transactions from last Friday underscore this strategic reallocation.
ARK acquired 280,450 Amazon (AMZN) shares throughout its exchange-traded funds on April 24, representing an investment of approximately $71.5 million. This marked the second Amazon acquisition that week, coming after a more modest 3,492-share purchase days earlier.
During the identical trading session, ARK divested 215,643 AMD (AMD) shares, generating proceeds of about $65.8 million. This sale followed a previous AMD reduction of roughly 44,446 shares earlier in April.
These transactions signal a calculated reallocation — moving away from semiconductor manufacturing toward what Wood perceives as the superior AI infrastructure opportunity.
Amazon shares have jumped more than 15% since the start of the year, touching a record high of $263.99 on April 24. The timing of ARK’s acquisition carries significance. Amazon will unveil Q1 FY26 results on April 29, following the closing bell.
Analysts anticipate Amazon will deliver earnings per share of $1.63, representing a 2.5% increase year-over-year. Revenue projections suggest growth of approximately 14% to reach $177.27 billion.
Analyst Expectations for Amazon
Prior to the earnings announcement, Cantor Fitzgerald analyst Deepak Mathivanan increased his Amazon valuation target to $280 from $260, maintaining an Overweight designation. He highlighted robust AWS expansion fueled by artificial intelligence demand, with backlog expansion driven by partnerships with OpenAI and Anthropic. He also identified elevated expenses as a potential near-term headwind.
Amazon receives a Strong Buy rating from the Street, supported by 42 Buy recommendations and three Hold ratings. The consensus valuation target reaches $287.33, suggesting potential upside of approximately 8.8% from present trading levels.
Amazon’s GF Score registers at 94 out of 100, featuring a perfect 10/10 growth ranking. The company trades at a P/E multiple of 36.82x. One consideration for investors: company insiders have liquidated approximately $28 million in shares during the previous three months, while no insider acquisitions were recorded throughout that timeframe.
AMD’s Recent Performance
AMD has delivered impressive returns. Shares have advanced 62% year-to-date, propelled by artificial intelligence processor demand and data center expansion.
The 14% single-session jump on Friday followed Intel’s stronger-than-anticipated Q1 performance, elevating optimism throughout the semiconductor industry. That momentum may have provided Wood with an opportune moment to realize gains ahead of AMD’s earnings disclosure on May 5.
D.A. Davidson analyst Gil Luria elevated AMD to Buy from Hold, highlighting structural expansion in CPU requirements and improved transparency in the data center segment. He referenced Intel’s Q1 performance as evidence of possible upside for AMD’s upcoming financial results.
Analysts project AMD will announce Q1 EPS of $1.28, climbing 32% year-over-year, alongside revenue of $9.87 billion — representing 33% growth from the prior year.
AMD holds a Moderate Buy rating, featuring 20 Buy recommendations and seven Hold ratings. The consensus valuation target of $295.04 suggests potential downside of roughly 15% from current price levels.
ARK executed additional portfolio adjustments on April 24, acquiring 4,020,925 shares of X-Energy Inc (XE) valued at $92.5 million, while reducing holdings in Rocket Lab (RKLB), Teradyne (TER), Caterpillar (CAT), and Iridium Communications (IRDM).
