Cathie Wood Buys $23M in Nvidia, Sells AMD and Palantir Shares
TLDR
- Ark Invest bought 101,356 Nvidia shares worth around $22.8 million across multiple ETFs
- Ark sold roughly $13.1 million in AMD shares despite the stock being up 136% year-to-date
- Ark also trimmed its Palantir position, selling shares worth approximately $3.8 million
- Wall Street maintains a Strong Buy on AMD with an average price target of $651.32, implying 28% upside
- AMDโs data center revenue jumped 107% year over year in Q2, with further growth expected in 2027
Cathie Woodโs Ark Invest made a series of major trades on August 17, buying heavily into Nvidia while cutting its positions in Advanced Micro Devices and Palantir Technologies.
Ark purchased 101,356 Nvidia shares through its ARKK ETF alone, at a closing price of $225.01. That puts the value of that single purchase at around $22.8 million. Ark also bought Nvidia shares across ARKF, ARKQ, ARKW, and ARKX.
The Nvidia buy comes as the company expands its AI infrastructure push. Nvidia secured 4.25 gigawatts of data center capacity in Ohio for OpenAI. That site could support between $150 billion and $200 billion in Nvidia revenue per system generation.
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