By Omor Ibne Ehsan
Publication Date: 2026-09-30 13:16:00
Cathie Wood just dumped one of this year’s biggest AI winners to load up on a stock that has barely moved, and the reasoning behind that swap reveals a lot about where she thinks the real opportunity still sits.
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Cathie Wood’s ARK Invest sold 181,767 shares of AMD (NASDAQ:AMD | AMD Price Prediction) on September 29, 2026, a stake worth about $110.5 million. In the same session, it bought Nvidia (NASDAQ:NVDA).
AMD is up 183.7% year to date, while Nvidia has gained 22.11%. ARK moved money from the big winner into the laggard.
Wood has not publicly explained the trades, and ARK’s fund-by-fund holdings are unavailable in free sources.
What ARK Actually Traded in One Session
ARK bought 356,681 Nvidia shares worth about $81.6 million, across four of its ETFs.
ARK also bought Broadcom shares worth about $27 million, plus about $17.3 million of Tesla (NASDAQ:TSLA), about $21.7 million of CoreWeave (NASDAQ:CRWV), and some SpaceX (NASDAQ:SPCX). Sales included $38.5 million of 10x Genomics and $10.9 million of Tempus AI (NASDAQ:TEM).
That spread looks like rebalancing. ETF weight limits can force cuts that carry no signal, and the pattern fits Wood’s long habit of trimming winners and adding to names she views as undervalued.
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