TLDR
- Cathie Wood’s ARK Invest purchased $34.16 million in AMD stock after shares plunged 17% on February 4
- ARK bought $15.09 million worth of Tesla shares as the electric vehicle stock declined 4%
- The fund sold $73.01 million in Teradyne stock across multiple ETFs, continuing recent selling pattern
- ARK added $22.83 million in Tempus AI shares to expand artificial intelligence healthcare holdings
- The fund trimmed $6.47 million in Global-E Online and $4.26 million in Trade Desk positions
Cathie Wood’s ARK Invest executed major trades on February 4, capitalizing on stock price declines while exiting a semiconductor testing position. The transactions were revealed through the firm’s daily exchange-traded fund disclosures.
ARK Invest purchased 141,108 Advanced Micro Devices shares valued at $34.16 million across its ETF lineup. The purchase occurred as AMD stock tumbled over 17% during Wednesday’s session. The drop came after AMD released fourth-quarter earnings that exceeded analyst expectations.
Advanced Micro Devices, Inc., AMD
Despite beating estimates, investors sold off AMD shares due to concerns about the company’s short-term artificial intelligence chip outlook. Wood’s decision to buy during the decline indicates ARK maintains a positive view on AMD’s long-term AI semiconductor business.
Tesla Purchase Adds to Existing Position
The fund acquired 35,766 Tesla shares through the ARK Space Exploration ETF worth $15.09 million. Tesla stock fell 4% to close at $406.01 on Wednesday. The purchase increases ARK’s exposure to the electric vehicle manufacturer as it develops autonomous driving technology.
ARK also bought 407,950 Tempus AI shares totaling $22.83 million. The transaction shows continued investment in companies applying artificial intelligence to healthcare and medical data analysis. The fund made additional smaller purchases including 36,065 GeneDx Holdings shares worth $3.43 million and 37,379 Kodiak AI shares.
Teradyne Exit Totals Over $73 Million
ARK’s biggest sale involved 258,001 Teradyne shares across several funds for $73.01 million. The semiconductor testing equipment company has been a frequent sell for ARK throughout the week. This marks the largest single-day reduction in the Teradyne position.
The firm reduced holdings in digital advertising and e-commerce names. ARK sold 190,830 Global-E Online shares worth $6.47 million. The fund offloaded 156,758 Trade Desk shares totaling $4.26 million.
ARK also sold 107,092 Pinterest shares during the trading day. The sales reflect portfolio rebalancing as Wood’s team shifts capital between sectors and individual stocks.
The February 4 trades show ARK’s investment approach of purchasing stocks during price weakness. Both AMD and Tesla declined sharply on Wednesday when ARK made its purchases. This strategy aligns with Wood’s public statements about adding to positions when prices drop.
The Teradyne sale continues a pattern of reducing exposure to the semiconductor testing sector. ARK has been steadily selling the position over multiple trading sessions. The capital from these sales appears to be flowing into AI-focused companies and semiconductor chip makers rather than testing equipment providers.
The post Cathie Wood Scoops Up AMD and Tesla Stock After 17% Crash appeared first on Blockonomi.
Source: https://blockonomi.com/cathie-wood-scoops-up-amd-and-tesla-stock-after-17-crash/
