Cathie Wood Sells $28 Million Worth Of AMD And TSMC Shares, Loads Up On Nvidia, Tesla And Flying Taxis
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Cathie Wood Ark Invest has actively reshaped its portfolio, offloading an estimated $28 million worth of shares from semiconductor giants AMD and TSMC. This strategic divestment includes significant trims to AMD holdings, totaling over 38,500 shares valued at $16.2 million, following CEO Lisa Su recent engagement with China's vice premier amid rising server CPU demand for AI. Concurrently, Ark bolstered positions in high-conviction growth areas, notably increasing stakes in AI leader Nvidia, electric vehicle pioneer Tesla, and emerging "flying taxi" companies like Archer Aviation and Joby Aviation, alongside a significant new investment in crypto platform Bullish Inc. This portfolio pivot signals Ark's sharpened focus on pure-play AI infrastructure and autonomous technologies, while potentially reallocating from more diversified or geopolitically sensitive semiconductor plays. The move reflects a broader market sentiment favoring concentrated bets on generative AI immediate hardware beneficiaries and the long-term, albeit speculative, promise of transformative mobility and digital asset tokenization, navigating a global macroeconomic environment marked by intense tech competition and evolving regulatory landscapes.