Cathie Wood’s ARK Invest ETFs (exchange-traded funds) shuffled their portfolios to make million-dollar bets on semiconductor companies Advanced Micro Devices (AMD) and Nvidia (NVDA), while selling shares of gaming platform Roblox (RBLX) and aviation company Blade Air Mobility (BLDE).
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ARK Invest’s largest trade of the day was the sale of 93,414 Roblox shares from the ARK Innovation ETF (ARKK) and the ARK Fintech Innovation ETF (ARKF), totaling $11.68 million. At the same time, Wood sold $11.14 million worth of Blade Air Mobility and $9.7 million of Joby Aviation (JOBY) shares, as their stocks skyrocketed on news that Blade sold its helicopter ride-share business to Joby for $125 million.
Moreover, ARK Invest funds sold $1.3 million worth of Robinhood (HOOD) and $1.5 million of CRISPR Therapeutics (CRSP) shares.
Here’s how these stocks perform on TipRanks’ Stock Comparison Tool:
Wood Pours Millions into AMD and Nvidia Stocks
The ARK Autonomous Technology & Robotics ETF (ARKQ) purchased 14,258 shares and the ARK Space Exploration & Innovation ETF (ARKX) bought 9,160 shares of AMD yesterday, totaling roughly $4.02 million. Additionally, these two ETFs acquired 23,211 shares of Nvidia for about $4.03 million.
Wood appears to be highly optimistic about the future trajectory of both chipmakers, as the White House has revoked the ban on export of artificial intelligence chips to China. Notably, AMD will resume the sale of its MI308 chips to China, while Nvidia will resume selling its H20 AI chips to the mainland. The companies are expected to recoup millions in lost revenue from China in the second half of 2025 once they start shipments to the country.
Also, AMD shares have been trending higher in anticipation of the release of its Q2FY25 results after the market closes today. Year-to-date, AMD stock has surged 46.4%.
Which Is the Better Semiconductor Stock?
Let’s see how the two chip makers compare using the TipRanks Stock Comparison Tool.
Currently, Wall Street has assigned NVDA stock a “Strong Buy” consensus rating, with a 3.2% share price upside potential over the next twelve months.
