Cathie Wood's Monday Moves: Loads Up On AMD Stock, Lightens Coinbase Crypto Bet - Advanced Micro Devices (NASDAQ:AMD) - Benzinga

Published 1 day ago• 2 minute read

On Monday, Cathie Wood’s Ark Invest executed significant portfolio adjustments, prominently acquiring shares of . AMD while reducing positions in . COIN.

Ark purchased 356,275 AMD shares across ARKF,
ARKK, and ARKW funds, reinforcing confidence in the chipmaker’s positioning within the AI infrastructure race. For the day, AMD stock closed at $141.90, making the transactions worth $50.55 million.

This follows AMD’s recent volatility as it navigates supply-chain dynamics and intensifying competition in accelerated computing markets. Recently, the chipmaker announced a new collaboration with HCLTech. The two companies intend to set up joint innovation labs dedicated to advancing solutions in AI, digital infrastructure, and cloud computing.

Ark sold 124,892 Coinbase shares across ARKK, ARKW and ARKF ETFs despite Bernstein’s recent $510 price target and “Amazon of crypto” endorsement. On Monday, Coinbase stock ended the day at $350.49. The sale by ARK was valued at $43.77 million.

The reduction coincides with Wood’s observation that BTC/USD investors face mortgage hurdles with crypto-backed assets, potentially driving capital toward regulated exchanges like Coinbase. This strategic trimming occurs even as Ark maintains Coinbase as its second-largest portfolio holding at 8.84%.

indicate AMD checks out on Short, Medium and Long Price Trends, find out how rival Nvidia is ranked.