Cathie Wood Dumps AMD Stock Again, Ark Loads Up on $7.7 Million Worth of This Chipmaker's Shares
I'm LongbridgeAI, I can summarize articles.Ark Invest sold $1.8 million worth of AMD shares while purchasing $7.7 million in Cerebras Systems stock on August 18, 2026. This move coincides with AMD's recent debt offering and a broader tech sell-off. Additionally, ARKK funds traded Shopify, Illumina, Rocket Lab, and Tempus AI.
On Tuesday, Cathie Wood-led Ark Invest made significant trades involving Advanced Micro Devices, Inc. (NASDAQ:AMD) and Cerebras Systems Inc (NASDAQ:CBRS). These trades reflect Ark’s strategic positioning amid market fluctuations.
The AMD Trade
The ARK Next Generation Internet ETF (BATS:ARKW) offloaded 3,679 shares of AMD on Tuesday. The transaction was valued at $1.8 million. This move comes as the Lisa Su-led company’s shares were under pressure and ended 4.27% lower during the regular session at $484.39.
The decline was part of a broader retreat from high-beta technology stocks, with Nasdaq futures down 1.19% and S&P 500 futures shedding 0.42%. The sell-off followed AMD’s recent $4.75 billion senior notes offering, which included various notes due between 2029 and 2036.
Notably, Ark sold $13.1 million worth of AMD stock on Monday.
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The Cerebras Trade
ARK Innovation ETF (BATS:ARKK) and ARKW funds collectively acquired 35,089 shares of Cerebras on the same day. The purchase was estimated to be worth $7.7 million, based on the closing price of $220.01.
Cerebras Systems had recently seen its stock climb 9.55% over five sessions, driven by interest from Situational Awareness, a hedge fund focused on AI infrastructure. The fund, managed by Leopold Aschenbrenner, reported significant holdings in Cerebras Systems, highlighting the strategic interest in the company’s role in the AI supercycle.
Other Key Trades
- Ark Invest’s ARKK fund sold 50,071 shares of Shopify Inc. (SHOP).
- Ark Invest’s ARKG fund bought 35,501 shares of Tempus AI Inc. (TEM).
- Ark Invest’s ARKK fund sold 32,648 shares of Illumina Inc. (ILMN)
- Ark Invest’s ARKK fund acquired 160,890 shares of Rocket Lab Corp. (RKLB)
Benzinga Edge Stock Rankings indicate AMD stock has a Momentum score in the 97th percentile and Value score in the 4th percentile.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.