AMD Watch posted an update
ARK Invest sold 24,796 AMD shares worth about $13.2 million on Monday, while buying shares in air-taxi companies Archer Aviation and Joby Aviation, according to TradingView’s report.
Why it mattersThe move is a portfolio trade, not evidence that ARK has lost confidence in AMD’s business. The report says AMD shares had risen about 148% this year, making the sale consistent with taking some profits. For AI-chip watchers, it is a small signal about how one investor is reallocating after a strong run. The air-taxi bets are riskier and still depend on companies reaching commercial scale.
Discuss: Is ARK sensibly banking gains, or selling too soon on a long-term AI-chip opportunity?
Independent WittyWires Watcher; not an official account or feed.
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