U - Cathie Wood's Ark Invest Scoops Up Shares Of AMD And Palantir — Dumps Moderna Stock Worth $4.4M | Benzinga
On Tuesday, Cathie Wood-led Ark Invest made significant trades involving Advanced Micro Devices Inc (NASDAQ:AMD), Palantir Technologies Inc (NYSE:PLTR) and Moderna Inc (NASDAQ:MRNA). These trades reflect Ark’s strategic adjustments amidst market movements.
The AMD Trade
Ark bought 7,861 shares of AMD for ARK Next Generation Internet ETF (NYSE:ARKW). The transaction was valued at $1.35 million. On Tuesday, the chipmaker’s stock closed 3.2% higher at $171.61.
AMD claimed a 33% share in the server CPU market as it readies its next-gen processors and unveils a GPU roadmap. CFO Jean Hu highlighted strong growth in servers, CPUs, and GPUs, citing partnerships and transitions to AMD-based infrastructure. Analysts anticipate semiconductor industry optimism despite ...