TECH - Cathie Wood's Ark Goes Chip-Stock Shopping Ahead Of AMD Earnings Adds More Of Warren Buffett-Backed Chinese EV Play | Benzinga
Cathie Wood’s Ark Invest was on a chip stock buying spree on Monday, and the purchase assumes importance because it came just ahead of Advanced Micro Devices, Inc.’s (NASDAQ:AMD) earnings.
What Happened: Ark, through its ARK Autonomous Technology & Robotics ETF (CBOE: ARKQ), added 2,895 shares of AMD, valued at $463,779. AMD has a 1.83% weighting in the exchange-traded fund, which holds just under 100,000 shares of the chipmaker.
AMD is scheduled to report its first-quarter results on Tuesday after the market close, with analysts, on average, estimating earnings of 61 cents per ...