Ark keeps dumping AMD while the stock pops

Ark’s latest AMD move

Cathie Wood’s Ark Invest was back at it on Wednesday, trimming AMD again with a sale of 26,680 shares worth about $11.9 million through ARKK. If you’ve been tracking Ark’s chip diet, this is not exactly a surprise — it’s more like an encore.

Why AMD was hot anyway

Here’s the weird part: AMD stock actually jumped 8.1% on the same day. The boost came from speculation that the U.S. may ease restrictions on AI chip sales to China, which would be a pretty big deal for AMD’s growth story if it turns from rumor into policy.

Ark’s been saying “less” all month

This wasn’t a one-off cleanout, either. Ark also sold $16.2 million of AMD shares on Monday, so the fund has been consistently backing away from the name even while traders were celebrating the policy chatter.

• Ark bought Cerebras in the same trading session, showing it’s still very much in AI mode
• It also added to Bullish, the Peter Thiel-backed crypto play
• Meanwhile, AMD got the cold shoulder again

Big picture

For AMD, the market is currently more interested in what Washington might do than what Ark is doing. But when a high-profile fund keeps selling into strength, you can’t help but wonder whether it sees better upside elsewhere — or just wants to lock in gains before the next twist in the AI-chip saga.