Ark Invest Buys $81 Million Nvidia Stock, Sells $110 Million AMD
Cathie Wood’s ARK Invest bought $81 million in Nvidia stock and sold $110 million in AMD shares as part of a major portfolio reallocation across its exchange-traded funds.
On Tuesday, September 29, 2026, Cathie Wood’s ARK Invest executed major adjustments to its holdings. The firm acquired $81 million in Nvidia (NVDA) stock and simultaneously offloaded approximately $110 million in AMD shares. Below is an examination of the potential motivations behind ARK Invest’s portfolio reallocation.
Why Did Ark Invest Sell AMD And Purchase More Nvidia Stock?
Reports indicate that ARK added 356,681 shares of Nvidia (NVDA) spread across four of its Exchange Traded Funds (ETFs). This acquisition follows Nvidia’s announcement that its board broadened its share-repurchase authorization by $150 billion, raising the cumulative capacity to $235 billion through fiscal 2028. Numerous analysts interpret this expansion as a strong expression of confidence from the board.
Concurrently, ARK trimmed its Advanced Micro Devices, Inc (AMD) positions significantly, liquidating 181,767 shares of AMD through four of its ETFs.
Throughout 2026, Nvidia (NVDA) shares have climbed roughly 22%, whereas AMD has surged by about 184% over the same period. This divergence suggests that ARK may be locking in gains from AMD while anticipating stronger returns from Nvidia for the remainder of the year.
Also Read: Wells Fargo, Bank Of America Raise AMD Stock Price Target
Nvidia (NVDA) and AMD have both emerged as primary beneficiaries of the artificial intelligence boom. Maintaining its dominant market position, Nvidia (NVDA) reached a record-shattering market capitalization of $5.56 trillion in September 2026. Meanwhile, AMD achieved remarkable milestones last month, with its share price peaking at $615.52 and its market value successfully surpassing $1 trillion.
Wall Street analysts maintain an increasingly optimistic outlook for both Nvidia (NVDA) and AMD, anticipating that their upward trajectories will persist. Nevertheless, various analysts remain concerned about the possibility of an AI bubble, warning that any deflation of the market could lead to significant repercussions.
