Cathie Wood’s ARK Invest continues to increase its position in Advanced Micro Devices, according to Benzinga. On Tuesday, the firm purchased 53,100 shares of AMD worth approximately $6.08 million, following a $10.7 million buy on May 27th. ARK has accumulated AMD stock throughout late 2024 and early 2025, including a $9.94 million purchase earlier this year. Wood has used AMD’s 25% stock decline to increase her holdings, signaling she views the current $117 range as a favorable long-term entry point. Wood is investing in AMD and Nvidia to gain broad exposure to the AI chip market instead of relying on a single company.
