Cathie Wood, the founder of ARK Invest, is known for spotting new tech trends early. While chipmakers like Nvidia (NVDA) and Advanced Micro Devices (AMD) led the AI market through 2025, Wood’s latest moves suggest she is shifting her focus. She is now leaning toward massive “platform” companies that can use AI to drive long-term profit. Recent filings show she has been adding heavily to Amazon (AMZN) while cutting her stake in Advanced Micro Devices (AMD).
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New trading tool for AMZN bullsSo, what’s behind this move?
Amazon Stock
Amazon is a global leader in e-commerce and cloud computing that has evolved into a dominant AI platform. The stock has been a standout performer this year, surging more than 15% YTD to reach an all-time high of $263.99 as of April 24, 2026.
For the second time this week, Wood increased her stake in Amazon. After a modest purchase on Monday, Wood ramped up activity on Friday by adding 280,450 shares, a trade worth roughly $71.5 million.
The move comes just days before Amazon reports its Q1 FY26 results on April 29 after market close. Wall Street expects Amazon to report earnings per share (EPS) of $1.63, reflecting 2.5% year-over-year growth. Also, revenue is projected to rise about 14% to $177.27 billion.
Ahead of the report, top analysts increased their price targets for AMZN stock and reaffirmed their bullish stance on the tech giant’s prospects. Recently, Cantor Fitzgerald analyst Deepak Mathivanan raised his price target to $280 from $260 and maintained an Overweight rating on the stock. He expects strong AWS growth in Q1, driven by AI demand and better supply, with backlog rising on deals with OpenAI and Anthropic. However, he cautioned that higher costs could weigh on near-term profits.
Wall Street has a Strong Buy consensus rating on Amazon stock based on 42 Buys and three Holds. The average AMZN stock price target of $287.33 indicates 8.8% upside potential.
AMD Stock
Meanwhile, AMD remains a key player in the AI boom, with the stock up 62% year-to-date, supported by strong demand for AI chips and solid data center growth.
However, Cathie Wood has recently trimmed her position. She sold about $65.8 million worth of AMD shares on Friday, after earlier offloading around $10.5 million.
The move comes after a strong run in the stock. On Friday, AMD shares surged 14% following upbeat results from Intel (INTC), which lifted sentiment across the chip sector. This recent rally may have given Cathie Wood a good opportunity to take some profits ahead of AMD’s earnings on May 5. Also, analysts remain constructive on the stock, pointing to solid demand in data centers and continued strength in AI-driven growth.
Looking ahead, Wall Street expects AMD to report EPS of $1.28, reflecting a 32% year-over-year growth. Revenue is expected to come in at $9.87 billion, up 33% from the year-ago quarter. Recently, D.A. Davidson analyst Gil Luria upgraded AMD to Buy from Hold, pointing to a structural rise in CPU demand and improved visibility in its data center business. He also noted that Intel’s strong Q1 results suggest meaningful upside to AMD’s near-term estimates.
On TipRanks, AMD stock has a Moderate Buy consensus rating based on 20 Buys and seven Holds assigned in the last three months. At $295.04, the average AMD price target implies a 15.17% downside potential.
Which Is the Better AI Stock, According to Analysts?
We used TipRanks’ Comparison Tool to see which stock analysts favor. Based on current price targets, Amazon offers about 9% upside, while AMD shows roughly 15% downside. Amazon also has a stronger “Strong Buy” rating versus AMD’s “Moderate Buy,” indicating analysts currently favor Amazon.
