Cathie Wood Sells AMD Shares Amid Portfolio Management
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 13 hours ago
0mins
Source: Fool
- AMD Share Reduction: On July 6, Cathie Wood sold over 15,000 shares of AMD through her Ark Innovation fund, valued at more than $8 million, which may raise concerns but is likely more about portfolio management than operational issues.
- Buying Opportunity: After AMD's stock dropped 17.3% following its February 3 earnings report, Wood's ETFs purchased over 141,000 shares worth more than $28 million on February 4, indicating her confidence in AMD's future prospects.
- Strong Earnings Performance: AMD reported $10.2 billion in revenue for Q1 2026 on May 5, exceeding expectations of $9.8 billion, with the stock price rising from $351.51 to $409.49, reflecting robust growth momentum.
- Profit-Taking Strategy: With AMD's stock up about 140% year-to-date, Wood's decision to sell shares for profit-taking to fund other positions demonstrates her keen market awareness and adaptive investment strategy.
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Analyst Views on AMD
Wall Street analysts forecast AMD stock price to fall
33 Analyst Rating
25 Buy
8 Hold
0 Sell
Strong Buy
Current: 516.110
Low
210.00
Averages
289.13
High
377.00
Current: 516.110
Low
210.00
Averages
289.13
High
377.00
About AMD
Advanced Micro Devices, Inc. is a global semiconductor company. The Company is focused on high-performance computing and artificial intelligence (AI). Its segments include Data Center, Client and Gaming, and Embedded. Data Center segment includes AI accelerators, microprocessors (CPUs) for servers, graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), and Adaptive system-on-Chip (SoC) products for data centers. Client and Gaming segment includes CPUs, APUs, chipsets for desktops and notebooks, discrete GPUs, and semi-custom SoC products and development services. Embedded segment includes embedded CPUs, APUs, FPGAs, system on modules (SOMs), and Adaptive SoC products. It markets and sells its products under the AMD trademark. Its products include AMD EPYC, AMD Ryzen, AMD Ryzen PRO, Virtex UltraScale+, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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