Cathie Wood Dumps AMD and Tempus AI, Bets on Broadcom, Cerebras and Veracyte
TLDR
- ARK Invest sold 37,977 AMD shares worth about $18.1 million on Wednesday
- ARK bought 57,705 Broadcom shares and 69,585 Cerebras Systems shares as AI chip replacements
- ARK sold 59,276 Tempus AI shares through its ARKK ETF for over $4 million
- ARK bought 47,793 Veracyte shares totaling $2.1 million across ARKK and ARKG ETFs
- ARK also trimmed positions in Twist Bioscience, Roblox, and Brera Holdings
Cathie Woodโs ARK Invest has been reshaping its portfolio this week, selling off millions in technology stocks while picking up new positions in biotech and AI chips.
The biggest move came Wednesday when ARK sold 37,977 shares of Advanced Micro Devices, worth around $18.1 million. AMD shares closed down 0.9% at $476.67 that day.
Advanced Micro Devices, Inc., AMD
This sale is part of a longer trend. Wood has been cutting ARKโs stake in AMD over recent months, even as the stock more than doubled this year.
To replace that AI chip exposure, ARK bought 57,705 shares of Broadcom and 69,585 shares of Cerebras Systems on the same day. Broadcom closed up 4.5% at $371.54, while Cerebras rose 2.5% to $186.67.
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