Cathie Wood's ARK Invest Buys AMD and Nvidia, Sells Roblox and Blade Air Mobility

Cathie Wood's ARK Invest ETFs bought millions in AMD and Nvidia stocks, while selling shares of Roblox and Blade Air Mobility. The moves are seen as optimistic about the chipmakers' future trajectory, particularly with the White House revoking the ban on AI chip exports to China. Year-to-date, AMD stock has surged 46.4%.

Cathie Wood's ARK Invest ETFs have made significant moves in the tech sector, with notable purchases in Advanced Micro Devices (AMD) and NVIDIA Corp (NVDA) and sales of shares in Roblox Corp (RBLX) and Blade Air Mobility Inc (BLDE). These transactions reflect ARK's strategic positioning in the tech and financial sectors, as well as optimism about the future trajectory of the chipmakers.

On Monday, August 4th, ARK's ARKQ and ARKX funds increased their stake in AMD by purchasing 14,258 and 9,160 shares, respectively, totaling $4.1 million. This move comes as AMD's stock is gaining momentum ahead of its earnings report, with the company expected to report second-quarter revenue of $7.43 billion, up 27% year-over-year [2]. The White House's recent revocation of the ban on AI chip exports to China is seen as a positive development for AMD, which has been working to restart exports of its MI308 chips to the country [2].

ARK also made notable purchases of NVIDIA shares, acquiring 14,134 and 9,077 shares through ARKQ and ARKX, respectively, totaling $4.2 million. NVIDIA's stock ended Monday at $180, aligning with ARK's optimism about the company's potential to expand its sales in China [2].

In contrast, ARK sold shares of Roblox and Blade Air Mobility. The ARK Autonomous Technology & Robotics ETF (ARKQ) and ARK Space Exploration & Innovation ETF (ARKX) divested 93,414 shares of Roblox, totaling $11.68 million. Meanwhile, ARK sold 2,946,435 shares of Blade Air Mobility, valued at $11.14 million. These sales indicate ARK's strategic realignment of its portfolio to capture anticipated growth areas [3].

These moves by ARK Invest highlight the optimism surrounding AMD and NVIDIA's growth prospects, particularly with the recent regulatory changes. Year-to-date, AMD stock has surged 46.4%, reflecting investor confidence in the company's ability to navigate the evolving tech landscape [1].

References:
[1] https://www.macrotrends.net/stocks/charts/AMD/amd/stock-price-history
[2] https://www.investopedia.com/what-analysts-think-of-amd-stock-ahead-of-earnings-q2-fy2025-update-11783465
[3] https://www.investing.com/news/company-news/cathie-woods-ark-etf-adjusts-portfolio-with-amd-and-nvda-stock-buys-93CH-4169109