Cathie Wood's ARK Invest has made a striking shift inside the AI-chip trade, selling about $110 million worth of Advanced Micro Devices (AMD) shares while putting more than $81 million into Nvidia (NVDA) just as the chipmaker's next-generation Vera Rubin platform moves into production, as it maintains an unusually bullish 70% revenue-growth outlook for fiscal 2028.
The transactions came on 29th September, when ARK sold 181,767 AMD shares across four actively managed ETFs and purchased 356,681 Nvidia shares across the same four funds. Based on the companies' closing prices that day, the AMD sale was worth about $110.5 million, while the Nvidia purchase was valued at roughly $81.6 million.
