Cathie Wood’s ARK Invest sold its shares in Advanced Micro Devices (AMD) on May 24, 2026. The firm is reallocating capital away from leading chipmakers and into defense and AI computing architecture.
This strategic shift follows a Bank of America survey identifying global semiconductors as a crowded trade. Analysts warn of potential sector volatility despite strong earnings from chip manufacturers.
ARK Invest’s divestment signals a cautious near-term outlook for the semiconductor industry. The move highlights concerns over market saturation even as AMD remains a primary player in the AI sector.