Cathie Wood sells $74-million shares of this semiconductor company after stock skyrockets 72% in one month

Popular US investment strategist Cathie Wood sold shares of US-based semiconductor giant Advanced Micro Devices (AMD) worth more than $74 million on Friday while buying Amazon shares worth a little over $73 million.

Cathie Wood’s ARK ETFs recorded the latest share sale and purchases, reducing their total holdings in AMD to more than $807 million, according to daily trade data on the ARK's website. AMD still constitutes the second-largest holding for the ETFs. The company’s Amazon holdings stands at over $296 million.

The latest wave of selling in AMD shares came after the stock rallied around 14% on Friday and a whopping 72% in one month. The stock has jumped nearly 56% in 2026 so far. The shares of the company have jumped more than 260% in one year and more than 326% in five years.


Amazon shares meanwhile gained over 32% in one month, and over 16% in 2026 so far. The shares of the ecommerce giant have jumped around 41% in one year, and more than 52% in five years.

Cathie Wood’s Ark Innovation ETF

Cathie Wood’s Ark Innovation ETF saw approximately $1.34 billion in net outflows, with $225 million exiting the fund over the past month, according to data from ETF research firm VettaFi cited by TheStreet. The report added that Wood’s flagship Ark Innovation ETF (ARKK) gained 35.49% last year, far outpacing the S&P 500’s return of 17.88% in the same period.

Tesla, AMD, CRISPR Therapeutics, Tempus, Shopify, Robinhood, Teradyne, Roku, Circle Internet Group and Coinbase are among the top 10 holdings of Wood’s ARK ETFs.

Cathie Wood on AI bubble worries

Cathie Wood recently dismissed AI bubble worries. In a blog post released in January this year, Wood said that an AI bubble, if any, is “years away”. “What once was the cap in spending seems to have become a floor now that the AI, robotics, energy storage, blockchain technology, and multiomics sequencing platforms are ready for prime time. After the tech and telecom bubble of the nineties, a 20-year peaking process around $70 billion has given way to what could become the most powerful capital spending cycle in history...In our view, an AI bubble is years away!” she wrote.

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