Cathie Wood Buys The Dip In AMD, Ark Loads Up On Coinbase — But Scales Back On Airbnb
Optimistic
38.5
On Tuesday, Cathie Wood-led Ark Invest executed significant trades involving Advanced Micro Devices Inc. (NASDAQ:AMD), Broadcom Inc. (NASDAQ:AVGO) , Coinbase Global Inc. (NASDAQ:COIN), and Airbnb Inc. (NASDAQ:ABNB).
The AMD Trade
ARK Innovation ETF (BATS:ARKK), ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) and ARK Space & Defense Innovation ETF (BATS:ARKX), collectively acquired 30,139 shares of AMD. The stock closed at $203.08, marking a 2.05% decline. This purchase amounts to approximately $6.1 million. Despite the recent dip, AMD remains a pivotal player in the semiconductor sector, which has seen a subtle shift as investors reassess valuations and demand cycles. Recent trends indicate a cautious approach towards semiconductor stocks, ...Full story available on Benzinga.com
The AMD Trade
ARK Innovation ETF (BATS:ARKK), ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) and ARK Space & Defense Innovation ETF (BATS:ARKX), collectively acquired 30,139 shares of AMD. The stock closed at $203.08, marking a 2.05% decline. This purchase amounts to approximately $6.1 million. Despite the recent dip, AMD remains a pivotal player in the semiconductor sector, which has seen a subtle shift as investors reassess valuations and demand cycles. Recent trends indicate a cautious approach towards semiconductor stocks, ...Full story available on Benzinga.com
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