--- title: "Cathie Wood's Ark Invest Buys the SpaceX Dip and Dumps $8.6 Million Worth of Surging AMD Stock" type: "News" locale: "en" url: "https://longbridge.com/en/news/291902448.md" description: "Ark Invest bought ~$917k of SpaceX shares after a pullback, signaling continued bullishness on orbital data centers. Conversely, it sold ~$8.6M of AMD stock, trimming its stake despite the chipmaker's recent rally and Turing Inc. investment. Other trades included buying X-Energy and selling Strata Critical Medical and Roku." datetime: "2026-07-07T08:28:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/291902448.md) - [en](https://longbridge.com/en/news/291902448.md) - [zh-HK](https://longbridge.com/zh-HK/news/291902448.md) generator: "portal-rs" --- # Cathie Wood's Ark Invest Buys the SpaceX Dip and Dumps $8.6 Million Worth of Surging AMD Stock **Cathie Wood**-led **Ark Invest** made notable moves Monday in **Space Exploration Technologies Corp.** (NASDAQ:SPCX) and **Advanced Micro Devices Inc.** (NASDAQ:AMD), buying a fresh slice of SpaceX after a sharp post-debut pullback while trimming AMD after a strong rally. ## The SpaceX Trade Ark added 5,711 SpaceX shares through the **ARK Space & Defense Innovation ETF** (BATS:ARKX). Based on SpaceX’s Monday closing price of $160.42, the purchase was worth about $917,000, keeping the trade under $1 million. SpaceX shares closed lower on the day, while AMD surged 6.61% to $552.05. The SpaceX buy came as the **Elon Musk**-led company’s stock retreated from its first-week debut highs. Shares have fallen 28.9% from a peak of $225.64, though SpaceX still commands a market value of about $2.1 trillion, placing it among the world’s most valuable companies. The purchase suggests Ark still sees the pullback as an opening rather than a warning sign. Wood last month said preliminary ARK research suggested orbital data centers could lift SpaceX’s revenue potential by 10 to 20 times beyond current projections, making the business a potentially transformative growth driver. **Read Also: SpaceX in the Spotlight as Company Set to Join Nasdaq-100 Tuesday** ## The AMD Trade Ark also sold AMD shares on Monday through **Ark’s ARK Innovation ETF** (BATS:ARKK), unloading 15,576 shares. Based on AMD’s closing price of $552.05, the sale was worth roughly $8.6 million. AMD traded as high as $572.37 and as low as $527.51 during the session, close to the top of its 52-week range of $584.73 to $133.50. The chipmaker’s rally came as Japanese autonomous driving startup **Turing Inc.** said it raised $79 million in an extension of its Series A round, adding AMD Ventures as a new investor and expanding use of AMD’s AI accelerators. The funding valued Turing at about $600 million. AMD remains one of Ark’s largest bets, with the chip-maker being ARK’s second-largest holding on a consolidated basis, trailing only **Tesla Inc.** (NASDAQ:TSLA), with a position worth more than $1 billion and an 8.92% portfolio weight. Still, Wood has been trimming the stake through May and June, selling millions of dollars’ worth of AMD stock as the shares climbed. ## Other Key Trades - Purchased 107,681 shares of **X-Energy** (XE) in **ARKK**, 34,173 shares in **ARKQ** and 14,789 shares in **ARKX**. - Sold 214,110 shares of **Strata Critical Medical Inc** (SRTA) in **ARKQ** and 156,512 in **ARKX**. - Sold 4,563 shares of **Roku Inc.** (ROKU) in **ARKK** and 2,667 in **ARKF** **Benzinga Edge Stock Rankings** indicate SpaceX Stock doesn’t check out on Short, Medium, and Long Price Trends. **Read Also: Congressman on Armed Services Committee Buys SpaceX Stock: Why the Trade Could Spark Backlash** *Image via Shutterstock* ### Related Stocks - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [XE.US](https://longbridge.com/en/quote/XE.US.md) - [SRTA.US](https://longbridge.com/en/quote/SRTA.US.md) - [ROKU.US](https://longbridge.com/en/quote/ROKU.US.md) - [AMDD.US](https://longbridge.com/en/quote/AMDD.US.md) - [AMDL.US](https://longbridge.com/en/quote/AMDL.US.md) - [AMUU.US](https://longbridge.com/en/quote/AMUU.US.md) - [AMDG.US](https://longbridge.com/en/quote/AMDG.US.md) - [DAMD.US](https://longbridge.com/en/quote/DAMD.US.md) - [AMDY.US](https://longbridge.com/en/quote/AMDY.US.md) - [AMDW.US](https://longbridge.com/en/quote/AMDW.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) - [ARKX.US](https://longbridge.com/en/quote/ARKX.US.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [ARKK.US](https://longbridge.com/en/quote/ARKK.US.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [SRTAW.US](https://longbridge.com/en/quote/SRTAW.US.md) ## Related News & Research - [Glynn Capital Management LLC Boosts Stock Holdings in Advanced Micro Devices, Inc. $AMD](https://longbridge.com/en/news/296072301.md) - [Top AMD Executive Makes High-Profile Stock Move That’s Turning Heads](https://longbridge.com/en/news/296294215.md) - [AMD CEO Gives Investors New Reason to Watch](https://longbridge.com/en/news/296130776.md) - [Google Is Reportedly Working with AMD for Its New TPU. 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