AMD Stock Soars 70% in a Month — Cathie Wood Just Cashed Out $75M

TLDR

• Cathie Wood’s Ark Invest sold 215,643 AMD shares worth ~$75M after a 70% rally over the past month
• AMD jumped 13.9% on April 24 alone, boosted by Intel’s strong earnings report
• Intel’s stock surged 23% after reporting strong data center CPU demand driven by AI spending
• AMD remains Ark Innovation ETF’s third-largest holding at $416M despite the sell-off
• D.A. Davidson upgraded AMD to Buy, raising its price target from $220 to $375

Cathie Wood sold roughly $75 million worth of Advanced Micro Devices stock on April 24, cashing in after AMD climbed nearly 70% over the past month.

Advanced Micro Devices, Inc., AMD

Ark Invest’s daily trade data showed the firm offloaded 215,643 AMD shares across its funds. The sale was based on a closing price of $347.81.

The move looks like straightforward profit-taking. AMD still sits as the third-largest position in the Ark Innovation ETF (ARKK), with a market value of $416 million.

AMD’s recent run was lit by Intel. The chipmaker posted strong first-quarter earnings and raised guidance, pointing to rising demand for data center CPUs from companies ramping up AI infrastructure spending.

Intel’s stock jumped 23% on April 24. That ripple hit AMD hard — in a good way — sending it up 13.9% in a single session.

Wall Street Takes Notice

D.A. Davidson analyst Gil Luria upgraded AMD to Buy from Neutral and lifted the price target to $375 from $220.

Both AMD and Intel have raised CPU prices multiple times this year, with average increases of 10% to 15%, according to Nikkei Asia.

AMD reports its first-quarter results on May 5. Investors will be watching for more detail on AI-related revenue.

Wood’s Bigger Picture

ARKK is down 1.76% year-to-date, while the S&P 500 is up 4.67% over the same period.

Wood has been vocal about her outlook. She sees AI, robotics, and biotech driving what she calls a “great acceleration” in global growth.

She has also argued that AI is deflationary, citing training costs dropping 75% per year and inference costs falling as much as 98% annually.

Despite that optimism, ARKK has seen roughly $1.12 billion in net outflows in the 12 months through April 21, according to ETF research firm VettaFi.

Over five years, ARKK has delivered an annualized return of -9.01%, versus 13.01% for the S&P 500.

GuruFocus has AMD’s GF Value at $212.86, flagging the stock as 63.4% overvalued at its current price. Insider selling at AMD has also totaled $63.9 million over the past three months.

AMD’s Q1 2026 earnings are scheduled for May 5

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