Ark Invest Makes Major Trades in Broadcom, WeRide, BYD, and AMD

Written by Emily J. Thompson, Senior Investment Analyst

AMD+0.04%

AVGO-5.43%

WRD-4.18%

Source: Benzinga

Updated: 2h ago

0mins

Source: Benzinga

Broadcom Acquisition: Ark Invest's ARK Innovation ETF acquired 32,408 shares of Broadcom worth approximately $10.8 million, reflecting confidence in the company's long-term value despite recent stock declines due to China's cybersecurity software directive.
WeRide Expansion: The ARK Autonomous Technology & Robotics ETF added 577,099 shares of WeRide, valued at about $4.9 million, as the company expands its autonomous fleet to over 1,000 vehicles in cities like Beijing and Guangzhou, aligning with Ark's focus on innovative transportation solutions.
BYD Sales Milestone: ARKQ purchased 205,748 shares of BYD for around $2.53 million, as BYD surpassed Tesla with 2.26 million EVs sold globally in 2025, although it faces challenges regarding profitability and international expansion.
AMD Strategic Focus: The ARK Space & Defense Innovation ETF acquired 3,165 shares of AMD worth approximately $734,026, as AMD aims to integrate AI into mainstream PCs, which analysts believe could drive the company's next growth phase.

AMD

$231.92+Infinity%1D

Analyst Views on AMD

Wall Street analysts forecast AMD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMD is 284.10 USD with a low forecast of 200.00 USD and a high forecast of 377.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

36 Analyst Rating

27 Buy

9 Hold

0 Sell

Strong Buy

Current: 231.830

Low

200.00

Averages

284.10

High

377.00

Current: 231.830

Low

200.00

Averages

284.10

High

377.00

BTIG

Buy

maintain

$28

Al Analysis

2026-01-16

New

Reason

BTIG

Price Target

$28

Al Analysis

2026-01-16

New

maintain

Buy

Reason

BTIG reiterates a Buy rating on Riot Platforms (RIOT) with a $28 price target after the company announced a colocation lease with AMD (AMD). While the pricing on a per megawatt year basis is lower than previous contracts seen, Riot is paying significantly less in capex than the market standard as it is leveraging existing infrastructure at the site, the analyst tells investors in a research note. BTIG says that with the Rockdale land now owned and soon to be generating high performance compute revenue, Riot has two blue chip data center locations with roughly 1 gigawatt of additional IT capacity to be contracted. It sees the company becoming the "dominant" HPC infrastructure provider. Riot is a top pick in the first half of 2026 at BTIG.

Cantor Fitzgerald

Overweight

maintain

$25 -> $31

2026-01-16

New

Reason

Cantor Fitzgerald

Price Target

$25 -> $31

2026-01-16

New

maintain

Overweight

Reason

Cantor Fitzgerald raised the firm's price target on Riot Platforms (RIOT) to $31 from $25 and keeps an Overweight rating on the shares. Riot on Friday announced it has acquired the land of its Rockdale location and signed a data center lease agreement with AMD (AMD), which could be the first of many deals that Riot could land, the analyst tells investors in a research note. Cantor thinks the likelihood of AMD excercising its options for 175 MW of additional capacity will increase as the capacity begins to come online.

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Piper Sandler

Patrick Moley

Overweight

maintain

$26

2026-01-16

New

Reason

Piper Sandler

Patrick Moley

Price Target

$26

2026-01-16

New

maintain

Overweight

Reason

Piper Sandler analyst Patrick Moley reiterated an Overweight rating and $26 price target on Riot Platforms (RIOT) after the company signed a land acquisition and data center lease with AMD (AMD) to host 25 megawatts of critical IT at Rockdale. While the initial deployment is for just 25 MW, the firm thinks the deal establishes Riot as a credible data center option for hyperscaler tenants. Piper also views it as an encouraging first step towards Riot eventually contracting all roughly 1.2 gigawatts of critical IT across Rockdale and Corsicana, and believes a full transition of these sites to AI data centers could equate to over $30 per share in value for Riot shares.

Truist

William Stein

Buy

downgrade

$279 -> $277

2025-12-19

Reason

Truist

William Stein

Price Target

$279 -> $277

2025-12-19

downgrade

Buy

Reason

Truist analyst William Stein lowered the firm's price target on AMD to $277 from $279 and keeps a Buy rating on the shares. The firm adjusted price targets in the semiconductor and artificial intelligence group after establishing 2027 estimates. Truist recognizes the challenges of finding the power to run AI infrastructure and getting the funding to pay for it. However, the firm believes AI infrastructure semiconductor stocks "remain cheap" relative to their growth. It sees "more upside pressure" to estimates for the group relative to the diversified analog semis heading into 2026. AI capital expenditure upside will continue in 2026, the analyst tells investors in a research note.

About AMD

Advanced Micro Devices, Inc. is a global semiconductor company. The Company is focused on high-performance computing, graphics and visualization technologies. Its segments include Data Center, Client and Gaming, and Embedded. Data Center segment includes artificial intelligence (AI) accelerators, microprocessors (CPUs) for servers, graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), smart network interface Cards (SmartNICs) 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, GPUs, 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+, and 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.