Cathie Wood Scoops Up $38 Million Worth Of AMD Stock As It Slips

Cathie Wood Scoops Up $38 Million Worth Of AMD Stock As It Slips — Dumps Palantir And Shopify At Highs

Shivdeep Dhaliwal

August 06, 2025

On Wednesday, Cathie Wood-led Ark Invest executed significant trades involving Advanced Micro Devices Inc. (NASDAQ:AMD), Palantir Technologies Inc. (NASDAQ:PLTR), and Shopify Inc. (NASDAQ:SHOP). These trades reflect Ark’s strategic adjustments in response to recent market developments and earnings reports.

The AMD Trade

Ark Invest made notable acquisitions of AMD shares across several ETFs. The trades included 12,139 shares in Ark Fintech Innovation ETF (BATS:ARKF), 129,610 shares in ARK Innovation ETF (BATS:ARKK), 23,990 shares in ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), 64,387 shares in ARK Next Generation Internet ETF (BATS:ARKW), and 4,866 shares in ARK Space Exploration & Innovation ETF (BATS:ARKX). The total purchase amounted to approximately $38.3 million, based on AMD’s closing price of $163.12.

This move comes as AMD’s stock experienced a decline of 6.42% on Wednesday, following mixed second-quarter results. While AMD’s revenue of $7.69 billion surpassed expectations, its earnings per share of 48 cents fell short. Despite this, the company remains optimistic about AI-driven growth in the latter half of the year.

The Palantir Trade

Ark Invest reduced its holdings in the Alex Karp-led company, selling 54,034 shares in ARKK and 9,245 shares in ARKW. This sale, valued at approximately $11.4 million, follows Palantir’s stock reaching an all-time high of $180.58. The stock closed at $179.54 for the day.

The surge was driven by the company’s impressive earnings, marking the eighth consecutive quarter of surpassing analyst expectations. Palantir reported second-quarter revenue of $1.004 billion, exceeding estimates, with adjusted earnings of 16 cents per share.

The Shopify Trade

Ark Invest also trimmed its position in Shopify, selling 44,259 shares in ARKF, 63,476 shares in ARKK, and 10,860 shares in ARKW. The total sale was valued at approximately $18.4 million. Shopify’s stock surged by 21.97% on Wednesday, driven by strong second-quarter results. It ended the day at $154.90.

The company reported a 31% year-over-year revenue increase to $2.68 billion, surpassing analyst estimates. Shopify’s adjusted earnings per share of 35 cents also exceeded expectations, highlighting its global momentum and merchant growth.

See Also: Jensen Huang Once Said, ‘There’s Hard Work And Then There’s Insanely Hard Work’ -- Now, Elon Musk Calls It ‘Hardcore’

Other Key Trades:

Sold 92,781 shares of Roblox Corp. -- Pre-Reincorporation (RBLX) in ARKK and 19,022 via ARKW.
Sold 90,113 shares of Kratos Defense and Security Solutions Inc (KTOS) in ARKQ.
Bought 186,013 shares of Aurora Innovation Inc (AUR) in ARKQ.
Bought 254,632 shares of Personalis Inc (PSNL) in ARKG.
Sold 170,339 shares of Adaptive Biotechnologies Corp (ADPT) in ARKG.

Benzinga’s Edge Stock Rankings show that AMD stock has a Value in the 10th percentile. Here is how perennial rival Nvidia compares in terms of value with this chip giant.

Read Next:

AMD’s Lisa Su Sees Path To ‘Tens Of Billions’ In AI Revenue, With MI400, Helios, Sovereign Demand Driving Long-Term Growth

Photo Courtesy: ChrisStock82 on Shutterstock.com

This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

Recommended

Weiss Gold Veteran Makes Shocking New Call - Ad

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Gold Is Being Reintroduced Into the Monetary System - Ad

The past week in the crypto world was a mixed bag of events. Bitcoin (CRYPTO: BTC) saw a rise following the Federal Reserve Governor’s dovish comments on rate cuts, while altcoins pulled back. Meanwhile, former U.S.

Trump Says Nancy Pelosi Traded On Inside Information—Her 2025 Portfolio Outperforms S&P 500 Thanks To These 4 Stocks

Donald Trump has accused Nancy Pelosi of trading on "inside information" after her portfolio's returns outperformed the S&P 500 in 2025.

Major Investors Bet Big on This "Unlisted" Stock

Major Investors Bet Big on This "Unlisted" Stock - Ad

When the former Zillow exec whose first venture sold for $120M starts a new company, people notice. No wonder the VCs behind Uber and eBay also backed Pacaso. Their platform sells fractions of premier properties, rewriting a $1.3T market. And it works, earning over $110M in gross profit to date.

Shaquille O'Neal Admits Family Mistakes Left Him Lonely in 76,000-Square-Foot Home: 'I Know I Messed Up And When I Didn't Have That, I Was Lost'

Shaquille O'Neal once opened up about the personal challenges he faced in the aftermath of his divorce, attributing his feelings of loneliness to his own mistakes.

FDA flags problems with two Boston Scientific heart devices tied to injuries and deaths

WASHINGTON (AP) — U.S. health regulators are warning doctors and patients about safety issues with two separate heart devices recently linked to injuries and deaths.

The Surprising New Date That Could Fuel the AI Boom

The Surprising New Date That Could Fuel the AI Boom - Ad

Trump's economic blueprint is about to go live, and the deadline is fast-approaching. A new federal plan could legally unlock $100 trillion in U.S. resources... and one $10 stock could lead the charge. Former hedge fund manager Whitney Tilson explains how to act now, before this hits the headlines.

Paula Deen has abruptly closed the Savannah restaurant that launched her to Food Network fame

SAVANNAH, Ga. (AP) — Former Food Network star Paula Deen announced Friday the abrupt closure of the Savannah restaurant that launched her to fame with its menu of fried chicken, banana pudding and other indulgent Southern dishes.

$420 Million Wiped Out In 20 Minutes — What The Inflation Shock Reveals About Bitcoin, Ethereum

A sharp upside surprise in U.S. producer price inflation triggered a $420 million wipeout in crypto markets on Wednesday, exposing lingering vulnerabilities in market leverage during macroeconomic data shocks.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

Apple's New Siri Voice-Control Feature Could Revolutionize User Experience

In a move that could redefine the way users interact with their iPhones, Apple is reportedly developing an enhanced version of App Intents for Siri.

Trump pressures China and India to stop buying cheap Russian oil

U.S. President Donald Trump is pushing and to stop buying oil from Russia and helping fund the .

What's inside Elon's building in Memphis will shock you

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the September 1st funding window closes.

$7K worth of Labubu dolls stolen from Los Angeles store, authorities say

LOS ANGELES (AP) — A group of masked thieves stole about $7,000 worth of Labubu dolls from a Los Angeles-area store earlier this week, authorities said.

Celsius Leverages Alani Nu And Zero-Sugar Trends To Capture New Market Share

Celsius's Q2 beat driven by Alani Nu integration and zero-sugar innovation sets the stage for accelerated revenue growth and EBITDA upside.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Ford to invest nearly $2 billion in Kentucky assembly plant to produce electric vehicles

LOUISVILLE, Ky. (AP) — Ford Motor Co. will invest nearly $2 billion retooling a Kentucky factory to produce that it says will be more affordable, more profitable to build, and will outcompete rival models.

Berkshire Hathaway Faces $3.8 Billion Loss Tied to Kraft Heinz Stake

Berkshire Hathaway has reported a $3.8 billion impairment on its stake in Kraft Heinz, marking a significant setback for the billionaire investor.

Is This Stock the 'Next Nvidia'?

Is This Stock the 'Next Nvidia'? - Ad

Billionaire Warren Buffett has been loading up on millions of shares of this single stock. Is he preparing for the next, biggest, and possibly final phase of the AI boom?

Tesla Tech Is Worth 'A Lot More,' Jim Cramer Says: As For Accenture? 'What The Heck...'

Tesla is 'in transition and you want to be in there because the tech is worth a lot more than what it's selling for right now,' Cramer says.

TMC Targets $23 Billion Sea Floor Wealth As ISA Oversight Looms

TMC releases PFS for NORI-D project, declaring world's first mineral reserves for polymetallic nodules in international waters with $23.6B NPV.

Hidden $5 AI Manufacturer Revealed

Hidden $5 AI Manufacturer Revealed - Ad

The company manufacturing Nvidia's AI servers trades under a secret name. AI revenue: $30B this year. Stock price: $5.

Trump narrows Fed chair candidates to four, excluding Treasury Secretary Bessent

WASHINGTON (AP) — President Donald Trump said Tuesday that he's whittled down his list of potential Federal Reserve chair candidates to four as he considers a successor to — a choice that could reset the path of the U.S. economy.

A top Federal Reserve official says dour jobs data backs the case for 3 rate cuts

NEW YORK (AP) — A top official at the Federal Reserve said Saturday that this month's stunning, is strengthening her belief that interest rates should be lower.

Weiss Gold Veteran Makes Shocking New Call

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Eric Trump Teases American Bitcoin Stock Market Listing: 'Next Stop NASDAQ'

Eric Trump announced on Wednesday that American Bitcoin (ABTC) is set to make its debut on NASDAQ. This announcement was made via X, signaling a significant milestone for the Trump family-backed Bitcoin mining firm.

Jim Cramer Says Palantir's 'Next Stop Is $200' After Q2 Earnings Blowout: Dan Ives Calls It 'The Messi of AI'

AI giant, Palantir Technologies Inc. (NASDAQ: PLTR), is drawing loud praise from Wall Street analysts following the company's robust second-quarter performance, as it surged past consensus estimates.

Elon's New Device Could Launch Biggest IPO of the Decade

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Billionaire Investor Buys Google And This Gold Miner Stock

John Paulson's hedge fund discloses the purchase of 9,000 shares of Alphabet.

Dodgers star Shohei Ohtani and agent accused of sabotaging $240M Hawaii real estate project

A Hawaii real estate investor and broker are suing Shohei Ohtani, claiming the Los Angeles Dodgers star and his agent got them fired from a $240 million luxury housing development on the Big Island’s coveted Hapuna Coast that they brought him in to endorse.

Gold Is Being Reintroduced Into the Monetary System

Gold Is Being Reintroduced Into the Monetary System - Ad

While the media focuses on political scandals, inflation and coming up with ridiculous acronyms "TACO"... Smart money is tracking a far bigger shift: a gold revaluation is quietly underway. Garrett Goggin, CFA, says this could trigger 100X moves in select miners - and he's identified four with the biggest upside.

An explosion at a plant owned by US Steel, an icon of American industry, has killed 2. What to know

An south of Pittsburgh killed two people and injured 10 others. The CEO has vowed to find out what caused Monday's blast while union officials say representatives will work to ensure a thorough investigation.

CoreWeave, Meta Platforms, Cava Group, American Airlines And Circle: Why These 5 Stocks Are On Investors' Radars Today

Wall Street experienced a robust rally on Tuesday as both the S&P 500 and Nasdaq 100 indices soared to new record highs

Major Investors Bet Big on This "Unlisted" Stock

Major Investors Bet Big on This "Unlisted" Stock - Ad

Jamie Dimon's Childhood Kitchen Table Was Chaotic, Filled With Loud Debates — But This Teenage Lesson Shaped One Of America's Most Powerful Bankers

Jamie Dimon credits his loud, debate-filled childhood and early stock market lessons with shaping his intellectual curiosity, risk awareness, and long-term approach as one of America's most influential bankers.

WhatsApp And Telegram Users In Russia Face New Restrictions On Voice Calls As Trump-Putin Alaska Meet Looms

Russia has partially blocked audio calls on WhatsApp and Telegram as part of a broader internet control strategy, coinciding with rising tensions ahead of President Trump's planned meeting with Vladimir Putin in Alaska.

The Surprising New Date That Could Fuel the AI Boom

The Surprising New Date That Could Fuel the AI Boom - Ad

US July budget deficit up 20% year-over-year despite record Trump tariff income

WASHINGTON (AP) — The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in record income from President Donald Trump’s tariffs, according to Department data released .

Trump-Putin Alaska Summit Set For August 15 As Market Eyes Ukraine Peace Talks

The U.S. and Russia are pushing for a deal to pause the Ukraine war, with a Trump-Putin summit in Alaska set to discuss possible territorial concessions.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Pilot arrested on child sex abuse material charges after landing at San Francisco airport

SAN FRANCISCO (AP) — A pilot was arrested aboard a Delta Air Lines flight and federal agents took him into custody from the cockpit after the plane landed at San Francisco International Airport.

Trending Now