Cathie Wood’s ARK Invest ETFs (exchange-traded funds) made notable portfolio moves on Friday, April 10, 2026, as shown in ARK’s daily fund disclosures. The ace hedge fund manager added to Palantir Technologies (PLTR) while trimming her position in Advanced Micro Devices (AMD), signaling a shift away from chip hardware toward the software platforms driving the AI revolution.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Wood Buys the “Big Short” Dip in PLTR Stock
Palantir’s stock has been under pressure this week, sliding nearly 2% on Friday after a 7% plunge the day before, and Cathie Wood used the pullback as a clear buying opportunity. She bought 85,485 shares of Palantir, valued at approximately $11.15 million across funds including the ARK Innovation ETF (ARKK), ARK Autonomous Technology & Robotics ETF (ARKQ), and ARK Next Generation Internet ETF (ARKW).
The sell-off was fueled by “Big Short” investor Michael Burry, who warned on X that the company’s valuation has entered “bubble” territory. Burry argued that AI startup Anthropic is “eating Palantir’s lunch” with its new “Mythos” model and rapid growth.
Analysts Remain Split on PLTR Stock
Wood’s move aligns with Wedbush’s top analyst Daniel Ives, who dismissed Burry’s take as a “fictional narrative.” Ives maintained his Buy rating and $230 price target, noting that Palantir’s 137% growth in U.S. Commercial revenue shows its “moat” remains unmatched.
On the other side, skeptics like Benchmark’s Yi Fu Lee remain cautious, arguing that with a sky-high valuation, Palantir must maintain its solid execution to justify its price.
What Is the Price Target for Palantir?
Wall Street consensus currently sits at a Moderate Buy based on 14 Buys, 5 Holds, and 2 Sells. Following the recent volatility, the average PLTR stock price target remains near $194.61, implying an upside potential of roughly 52% from Friday’s close.
Wood Sells AMD Stock Worth $10.52M
At the same time, ARK sold 44,446 shares of AMD worth about $10.52 million. Even as Wood trimmed her position, AMD had a strong Friday, closing 3.55% higher at $245.04, with the gains driven by broader strength across the chip sector rather than company-specific news.
TSMC (TSM), the world’s leading chipmaker, reported a massive 35% jump in Q1 sales. Investors took this as a sign that demand for AI processors remains red-hot, boosting confidence in AMD ahead of its own earnings on May 5.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for AMD is Moderate Buy, based on 21 Buy and eight Hold ratings over the past three months. With that comes an average AMD stock price target of $284.68, representing a potential 16.18% upside for the shares.
