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Cathie Wood sells $11.7 million of tumbling semiconductor stock

ARK Invest has divested $11.7 million in AMD holdings, marking a significant reshuffling of its semiconductor portfolio.

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The brief

ARK Invest, led by Cathie Wood, has sold $11.7 million in Advanced Micro Devices (AMD) stock. The move comes as the firm reduces its exposure to the semiconductor sector amid market volatility.

Coverage from outlets including TheStreet, Yahoo Finance, and International Business Times UK highlights that the liquidated capital is being redirected toward SpaceX and CoreWeave. Reports also note that ARK Invest has concurrently acquired $529.7 million in a new, unnamed stock and offloaded nearly $60 million in growth stocks across its portfolio.

Future reports may clarify the specific nature of the newly acquired $529.7 million position. Market participants are also observing how this move aligns with broader shifts in the firm's growth stock strategy.

Synthesized by PULSE from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 3h ago.

Quick answers

How much AMD stock did Cathie Wood sell?

ARK Invest sold $11.7 million of AMD stock.

Where is the capital from the AMD sale being redirected?

According to reports, the capital is being directed into SpaceX and CoreWeave.

What is the total value of growth stocks sold by ARK Invest?

Coverage indicates that nearly $60 million in growth stocks have been offloaded.

Coverage (9)

Topics

Cathie Wood ARK Invest AMD SpaceX CoreWeave Semiconductors

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