Cathie Wood’s firm increased Nvidia exposure while cutting Advanced Micro Devices positions in its flagship funds as of June 1.
ARK Invest purchased additional Nvidia shares across its flagship funds on June 1, marking its largest transaction of the day. The move boosts exposure to the AI chipmaker amid strong demand for its processors in data centers and AI applications.
The firm simultaneously reduced its stake in Advanced Micro Devices, though specific share counts or valuation changes were not disclosed. ARK’s adjustments reflect shifting preferences in the semiconductor sector, where Nvidia has gained dominance in AI-related hardware.
Nvidia’s stock has surged over 200% in the past year, outpacing AMD’s 80% gain, as investors bet on its leadership in generative AI infrastructure.