Particle.news
Get it on Google Play
Download on the App Store
3 ARTICLES
·
22h ago

ARK Trims AMD Stake and Increases SpaceX Exposure

Wood is shifting proceeds from a recent semiconductor pullback into SpaceX, aerospace suppliers, and AI infrastructure to back her conviction in AI-driven productivity

Over the past 12 months through July 16, Ark Innovation ETF saw roughly $1.26 billion in net outflows.
Image

Overview

  • ARK sold 23,573 shares of AMD on July 17, bringing its July AMD disposals to 137,421 shares worth about $68.1 million at current prices.
  • The firm purchased roughly 147,805 shares of SpaceX for about $19.4 million as part of a broader build-up in aerospace and AI-adjacent names.
  • AMD fell more than 11% over the prior week after a sector selloff that began with pressure on Micron and reports of a large Shanghai IPO by ChangXin, even as UBS raised AMD’s price target to $700.
  • ARK Innovation ETF has lagged the market in 2026 and recorded about $1.26 billion in net outflows over the past 12 months, a backdrop that helps explain the fund’s tactical reallocations.
  • The trades reflect Cathie Wood’s longer-term thesis that AI-driven tech will lower costs and lift productivity, a view that underpins concentrated bets but increases exposure to post-IPO volatility and company-specific risk.