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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Cathie Wood's Monday Moves: Loads Up On AMD Stock, Lightens Coinbase Crypto Bet

AMD COIN Coinbase ARK Advanced Micro Devices, Inc Coinbase Global Inc
Germany,,Mannheim,January,29.,2025,,Sign,Or,Lettering,Of,Ark

On Monday, Cathie Wood’s Ark Invest executed significant portfolio adjustments, prominently acquiring shares of Advanced Micro Devices Inc. (NASDAQ:AMD) while reducing positions in Coinbase Global Inc. (NASDAQ:COIN).

The AMD Trade

Ark purchased 356,275 AMD shares across Ark Fintech Innovation ETF (BATS:ARKF), ARK Innovation ETF
(BATS:ARKK), and ARK Next Generation Internet ETF (BATS:ARKW) funds, reinforcing confidence in the chipmaker’s positioning within the AI infrastructure race. For the day, AMD stock closed at $141.90, making the transactions worth $50.55 million.

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