Advanced Micro Devices (AMD) is a key winner of the AI hardware boom, with the stock up more than 100% so far this year. But two recent moves have caught investors’ eyes: AMD’s chief strategy officer, Paul Darren Grasby, sold 24,376 shares worth $10.8 million on May 8, and well-known investor Cathie Wood trimmed her AMD stake across ARK funds yesterday. These actions may look worrying at first, but the reasons behind them seem normal.
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What the Insider Sale Really Means
Prior to the latest sale, Grasby sold 7,500 shares on March 13 for a total value of $1.54 million. Even after these moves, he still owns 129,600 shares, worth nearly $60 million.
Executives often sell stock for normal reasons, such as taxes, savings, or personal needs. With AMD trading near multi‑year highs after a huge AI‑driven run, his sale looks like simple profit-taking, not a sign of trouble.
Here’s Why Cathie Wood Is Selling AMD
Cathie Wood’s Ark Invest has also been selling AMD shares in 2026, mainly to lock in gains after the stock’s sharp rise. The firm sold more than $100 million worth of shares in early May. This fits ARK’s strategy of keeping positions at the right size and managing risk, not losing faith in the company.
Wood is also moving money into newer, faster-moving names, including Tempus AI (TEM) and CoreWeave (CRWV). Even so, AMD remains one of ARK’s larger holdings. This shows ARK is taking profits and shifting funds, not walking away from AMD’s long-term story.
Should Investors Worry?
Both selling events, Grasby’s Form 4 filing and Wood’s rebalancing, look normal. They do not change AMD’s long‑term outlook or its place in the AI chip race.
Demand for AMD’s MI300 AI chips is still very strong. Cloud companies are building more AI systems, AMD is gaining share in data‑center GPUs, and many analysts have raised their price targets as AI spending grows. Overall, AMD is still seen as one of the top winners in the AI hardware growth.
What Is the Price Target for AMD Stock?
Turning to Wall Street, analysts have a Strong Buy consensus rating on AMD stock based on 27 Buys and eight Holds assigned in the past three months. Further, the average AMD price target of $446.06 per share implies 0.5% downside risk.
