2025-11-21
Cathie Wood Dumps AMD Shares, Loads Up On Nvidia With $17 Million Buy Amid Earnings Buzz: Ark Scoops Up These Crypto Stocks As Bitcoin, Ethereum Crash
On Thursday, Cathie Wood-led Ark Invest executed significant trades, including buying shares of Nvidia Corp (NASDAQ:NVDA) and selling shares of Advanced Micro Devices Inc. (NASDAQ:AMD) . Ark also purchased shares of Bitmine Immersion Technologies Inc, (NYSE:BMNR), Bullish (NYSE:BLSH) and Circle Internet Group Inc. (NYSE:CRCL).The Nvidia TradeARK Innovation ETF (BATS: ARKK) acquired 93,374 shares of Nvidia, valued at approximately $16.9 million, based on the closing price of $180.64. This move comes after Nvidia’s impressive third-quarter results, which saw a 62% year-over-year revenue increase, reaching $57 billion. The Jensen Huang-led company’s strong performance is driven by surging demand for its Blackwell chips, reinforcing its position in the AI sector. Even so, the stock could not sustain its post-earnings rally and ended the day 3.15% lower.The AMD TradeArk Invest reduced its holdings in AMD across multiple ETFs, including Ark Fintech Innovation ETF (BATS:ARKF), ARK Next Generation Internet ETF (BATS:ARKW) and ARKK. The total sale amounted to 14,087 shares, valued at approximately $2.9 million, considering AMD’s closing price of $206.02. ...Full story available on Benzinga.com