Cathie Wood sells AMD stock to cash out $75 million, as the stock price surges nearly 70% in one month

Source: Global Market Report

Ark Invest founder Cathie Wood frequently profits from market volatility.

She recently did just that, immediately selling shares of a semiconductor company after its stock price soared 25% in a week.

According to Ark’s daily trading information, on April 24, Wood’s Ark funds sold a total of 215,643 shares of AMD stock. Based on AMD’s latest closing price of $347.81, these shares are worth about $75 million. This is one of Wood’s largest recent trades.

On April 24, AMD’s stock rose 13.9%, and its total increase over the past month is nearly 70%.

The recent rally was mainly driven by competitor Intel. Intel released a strong earnings report and raised expectations for data center CPU demand as enterprises are ramping up artificial intelligence investments.

Intel CEO Pat Gelsinger said on the earnings call, “CPUs are re-establishing their position as an indispensable foundation in the AI era. This is not wishful thinking on our part, but feedback we’ve heard from customers.”

Following Intel’s earnings release, its shares surged 23% on April 24, which in turn drove up shares of another major CPU producer, AMD.

D.A. Davidson upgraded AMD’s rating from “Neutral” to “Buy,” and raised its price target from $220 to $375.

D.A. Davidson stated, “We believe Intel’s results suggest AMD’s CPU product line is set for significant growth, and believe the structural shift to intelligent AI workloads is creating unprecedented demand for server CPUs.”

AMD is set to report its first-quarter earnings on May 5 (UTC+8), and investors are eager to hear more about AI-driven revenue and profit.

Wood’s adjustment to AMD stock may reflect profit-taking. Despite the large sell-off, AMD remains one of her largest holdings, ranking third in the ARKK fund with a market value of $416 million.

Last year, Wood’s flagship fund Ark Innovation ETF (ARKK) rose 35.49%, far outperforming the S&P 500’s 17.88% increase during the same period. This year, however, the trend has changed.

Year-to-date in 2026, Ark Innovation ETF has fallen 1.76%, while during the same period the S&P 500 has gained 4.67%.

Wood rose to fame in 2020 with ARKK’s impressive 153% return. But her investment style has also led to painful losses in bear markets, such as ARKK’s more than 60% plunge in 2022.

These fluctuations have weighed on Wood’s long-term returns. According to Morningstar data, as of April 24, ARKK’s five-year annualized return was -9.01%, while the S&P 500’s annualized return over the same period was 13.01%.