Cathie Wood Scoops Up $38 Million Worth Of AMD Stock As It Slips

Cathie Wood Scoops Up $38 Million Worth Of AMD Stock As It Slips — Dumps Palantir And Shopify At Highs

Shivdeep Dhaliwal

August 06, 2025

On Wednesday, Cathie Wood-led Ark Invest executed significant trades involving Advanced Micro Devices Inc. (NASDAQ:AMD), Palantir Technologies Inc. (NASDAQ:PLTR), and Shopify Inc. (NASDAQ:SHOP). These trades reflect Ark’s strategic adjustments in response to recent market developments and earnings reports.

The AMD Trade

Ark Invest made notable acquisitions of AMD shares across several ETFs. The trades included 12,139 shares in Ark Fintech Innovation ETF (BATS:ARKF), 129,610 shares in ARK Innovation ETF (BATS:ARKK), 23,990 shares in ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), 64,387 shares in ARK Next Generation Internet ETF (BATS:ARKW), and 4,866 shares in ARK Space Exploration & Innovation ETF (BATS:ARKX). The total purchase amounted to approximately $38.3 million, based on AMD’s closing price of $163.12.

This move comes as AMD’s stock experienced a decline of 6.42% on Wednesday, following mixed second-quarter results. While AMD’s revenue of $7.69 billion surpassed expectations, its earnings per share of 48 cents fell short. Despite this, the company remains optimistic about AI-driven growth in the latter half of the year.

The Palantir Trade

Ark Invest reduced its holdings in the Alex Karp-led company, selling 54,034 shares in ARKK and 9,245 shares in ARKW. This sale, valued at approximately $11.4 million, follows Palantir’s stock reaching an all-time high of $180.58. The stock closed at $179.54 for the day.

The surge was driven by the company’s impressive earnings, marking the eighth consecutive quarter of surpassing analyst expectations. Palantir reported second-quarter revenue of $1.004 billion, exceeding estimates, with adjusted earnings of 16 cents per share.

The Shopify Trade

Ark Invest also trimmed its position in Shopify, selling 44,259 shares in ARKF, 63,476 shares in ARKK, and 10,860 shares in ARKW. The total sale was valued at approximately $18.4 million. Shopify’s stock surged by 21.97% on Wednesday, driven by strong second-quarter results. It ended the day at $154.90.

The company reported a 31% year-over-year revenue increase to $2.68 billion, surpassing analyst estimates. Shopify’s adjusted earnings per share of 35 cents also exceeded expectations, highlighting its global momentum and merchant growth.

See Also: Jensen Huang Once Said, ‘There’s Hard Work And Then There’s Insanely Hard Work’ -- Now, Elon Musk Calls It ‘Hardcore’

Other Key Trades:

Sold 92,781 shares of Roblox Corp. -- Pre-Reincorporation (RBLX) in ARKK and 19,022 via ARKW.
Sold 90,113 shares of Kratos Defense and Security Solutions Inc (KTOS) in ARKQ.
Bought 186,013 shares of Aurora Innovation Inc (AUR) in ARKQ.
Bought 254,632 shares of Personalis Inc (PSNL) in ARKG.
Sold 170,339 shares of Adaptive Biotechnologies Corp (ADPT) in ARKG.

Benzinga’s Edge Stock Rankings show that AMD stock has a Value in the 10th percentile. Here is how perennial rival Nvidia compares in terms of value with this chip giant.

Read Next:

AMD’s Lisa Su Sees Path To ‘Tens Of Billions’ In AI Revenue, With MI400, Helios, Sovereign Demand Driving Long-Term Growth

Photo Courtesy: ChrisStock82 on Shutterstock.com

This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

Recommended

Trump Exec Order to Help Restore Wealth for American Citizens? - Ad

Wall Street Says BUY GOLD, But... - Ad

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Popular

Best Buy Could Be Gearing Up For Comeback, Analyst Says

Best Buy finds itself at a pivotal juncture as electronics retailers navigate a shifting landscape marked by changing consumer habits.

Congresswoman Files Hundreds Of Stock Trades Late, Including Palantir Stock Up Over 600%

A Congresswoman violated the Stock Act with a disclosure showing hundreds of stock transaction made dating back to March 2024.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Zelenskyy Heads To US For Talks With Trump, Leaders From UK, France, Germany And Italy To Join Him: Europeans Scared Of Oval Office Scene Repeat

European and NATO leaders join Zelenskyy in Washington to discuss Ukraine conflict with Trump, following his exclusion from Putin summit.

AT&T's $17 Million Data Breach Settlement Offers Payouts Up To $7,500, Here's How To Claim

AT&T customers, both present and past, stand to receive up to $7,500 as part of a proposed $177 million settlement. This settlement is in response to two significant data breaches that affected millions of AT&T customers.

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

Bullish, Cisco, Bolt, Unitedhealth And AMD: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average gaining 1% to 44,922.27.

Intel, Palo Alto Networks, Goodrx, Applied Digital And Duolingo: Why These 5 Stocks Are On Investors' Radars Today

The stock market presented a mixed picture on Friday, with the S&P 500 and the Dow Jones Industrial Average indices closing lower.

Out of 23,281 Stocks... This Is the Only One

Out of 23,281 Stocks... This Is the Only One - Ad

Out of 23,281 stocks, one stands out - wildly profitable, deeply undervalued. It generates $1B+ more cash than AMD, yet trades 20x cheaper. Backed by Trump and partnered with a top AI firm, this could be the stock to own now.

Trump Removes IRS Commissioner Billy Long After 2 Months, Appoints Treasury Secretary Scott Bessent As Acting Chief Amid Agency Leadership Crisis

President Trump has fired IRS Commissioner Billy Long just two months after his confirmation, naming Scott Bessent as interim head amid ongoing agency instability.

Peter Thiel-Backed Bullish Shoots Up 11% After-Hours Following Blockbuster IPO

Shares of cryptocurrency exchange Bullish soared over 11% in Wednesday's after-hours trading following the company's successful Wall Street debut.

Elon's New Device Could Launch Biggest IPO of the Decade

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

New Jersey Man Reportedly Dies Attempting To Meet A Meta AI Called 'Big Sis Billie'

A 76-year-old New Jersey man died after attempting to meet Meta's AI chatbot "Big Sis Billie," highlighting growing concerns over AI safety, vulnerable users, and regulatory oversight.

AeroVironment Set For Growth As Drones Take Center Stage In Defense

Needham analyst initiates AeroVironment at Buy with a $300 target, citing drone market growth, BlueHalo deal and rising defense share.

How 433 Investors Unlocked 400X Return Potential

How 433 Investors Unlocked 400X Return Potential - Ad

VCs back startups for outsized gains. Regular investors wait. But rule changes fixed that. Take Revolut. In 2016, 433 people averaged a $2,370 stake. Today? It's worth $1M+, up 89,900%. No wonder 10K+ people and the VCs behind Uber and eBay took the chance on Pacaso's $1.3T market disruption.

Donald Trump Blasts Paul Krugman, Calls Him 'Wrong For Years' As His Predictions Kept People Out Of 'Best Market In History'

Donald Trump launched a scathing attack on Paul Krugman, accusing him of being "wrong for years" in a new social media post.

$420 Million Wiped Out In 20 Minutes — What The Inflation Shock Reveals About Bitcoin, Ethereum

A sharp upside surprise in U.S. producer price inflation triggered a $420 million wipeout in crypto markets on Wednesday, exposing lingering vulnerabilities in market leverage during macroeconomic data shocks.

What's inside Elon's building in Memphis will shock you

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the September 1st funding window closes.

Palantir Turning LLMs Into Sharper Company Insights, Fueling ARK Invest's AI Edge, Says Brett Winton

Palantir Technologies Inc. reached new all-time highs this week as ARK Invest's Chief Futurist Brett Winton outlined how the company's platform transforms large language models into specialized business intelligence tools, positioning it as a critical infrastructure layer in the AI revolution.

Nvidia And AMD Reportedly Agree To Pay 15% Of China Chip Revenues To Trump Administration For Export Licenses: 'Beijing Must Be Gloating'

Nvidia and AMD have agreed to pay 15% of their revenues from chip sales in China to the U.S. government in exchange for export licenses, raising security and trade concerns.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

Nike co-founder Phil Knight and wife pledge record $2B to Oregon cancer center, university says

PORTLAND, Ore. (AP) — co-founder Phil Knight and his wife Penny Knight have pledged to donate $2 billion to Oregon Health & Science University’s Knight Cancer Institute, the school announced Thursday, describing it as the largest single gift to a U.S. university.

Circle Announces Stablecoin Payment Blockchain Arc

Circle Internet Group announces plans to launch Arc, a Layer 1 blockchain for stablecoin payments and capital markets. Testnet expected in fall 2025.

Trump Exec Order to Help Restore Wealth for American Citizens?

Trump Exec Order to Help Restore Wealth for American Citizens? - Ad

Thanks to President Trump's Executive Order 14179, a brief "AI Wealth Window" is opening now. Genius investor James Altucher has released 3 AI wealth-building strategies to take advantage of Trump's genius Executive Order 14179. James believes you could see $10,000 grow to $1 MILLION or more over the next few years.

DOE Unveils Fresh $1 Billion Funding To Boost US Critical Minerals

The DOE will provide nearly $1 billion in funding to strengthen domestic supply chains for critical minerals, following Trump's executive order.

Cuban Has Resisted Presidential Run, but Says a Trump Third-Term Bid Could Draw Him Into the Race

Mark Cuban has resisted calls to run for president, but recently said that any effort by President Trump to seek a third term could drawn him into the race.

Wall Street Says BUY GOLD, But...

Wall Street Says BUY GOLD, But... - Ad

While markets wobble, gold keeps smashing records-and banks say it's just beginning. Goldman urges "buy gold" to hedge trade wars; JPMorgan plans $6,000 an ounce and just took delivery of $4 billion in bullion. Yet past bull runs saw 13x-1,000x bigger gains without buying more gold.

Fabrinet Q4 FY2025 Earnings Call Transcript

Fabrinet Q4 FY2025 Earnings Call Transcipt

New York man charged with cyberstalking a family member of slain UnitedHealthcare CEO

ALBANY, N.Y. (AP) — A New York man has been charged with cyberstalking a family member of Brian Thompson, allegedly leaving threatening voicemails that expressed glee about the killing within hours of the fatal shooting, federal prosecutors said Wednesday.

Better Than Bitcoin? (Top Crypto for Less Than $1)

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Over the past 15 years, Bitcoin has outperformed stocks, bonds, and every other asset you could've bought. 2025 is already shaping up to be another banner year, with Bitcoin recently hitting a new all-time high. But there's a better way to profit from this new crypto rally. Most people don't know about it... and yet it's returned over 1,000% in 4 months. This could be the #1 way to invest in crypto right now.

Trump 2.0 At 200 Days: Palantir Surges, Tesla Slumps

Palantir leads all stocks in the S&P 500 with a stunning 160% gain in Trump's first 200 days.

Air quality concerns linger in the wake of steel plant explosion in Pennsylvania

The Pennsylvania county where an explosion at south of Pittsburgh killed and injured more than 10 others announced Thursday that it is stepping up air quality monitoring in the area of the sprawling facility that has a troubled environmental record.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

Trump Says Xi Jinping Assured China Would 'Never' Invade Taiwan During His Presidency: 'Appreciate That'

Trump said Xi Jinping assured him China would not invade Taiwan during his presidency, even as U.S.–China tensions over trade, technology, and security persist.

Social Security Could Go Broke By 2032 — $18,000 Cuts Loom As 90-Year-Old Program Nears Breaking Point

Social Security faces insolvency by 2032, threatening 24% benefit cuts of up to $18,400 a year unless Congress enacts urgent reforms.

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Judge dismisses 2 counts against US Rep. Cuellar of Texas, moves bribery trial to next year

HOUSTON (AP) — A judge on Thursday granted a request by federal prosecutors to dismiss two of the 14 counts against U.S. Rep. of Texas and his wife, as part of a . The judge also ordered that their trial, which had been set for September, be rescheduled for next year.

Larry Summers Warns Scott Bessent: 'Unless We See A Recession,' You Shouldn't Be Prescribing A 175 Basis Point Cut In Interest Rates

Former Treasury Secretary Lawrence Summers criticized the current U.S. Treasury Secretary Scott Bessent for weighing too directly on the direction of interest rates, something he believes could blur the lines between fiscal and monetary polices.

Out of 23,281 Stocks... This Is the Only One

Out of 23,281 Stocks... This Is the Only One - Ad

Mark Cuban Cheers NYU Dropout Whose $1.3 Billion Valued Blockchain Project Is Aiming For A 'Free And Fair' Financial System

Billionaire investor and television personality Mark Cuban welcomed the growth of the Injective (CRYPTO: INJ) blockchain, a project in which he has made strategic investments, on Tuesday.

Trending Now