AMD Stock: Cathie Wood’s ARK Invest Buys $28 Million After 17% Crash

TLDR

• Five ARK ETFs bought 141,108 AMD shares worth $28.2 million after the stock dropped 17% on Wednesday
• AMD fell to $200.19 despite beating Q4 earnings expectations with $1.53 EPS and $10.27 billion revenue
• The stock posted its worst single-day decline since May 2017 following disappointing guidance
• Q1 2026 revenue guidance of $9.5-$10.1 billion midpoint exceeded consensus but failed to satisfy investors
• ARK Innovation ETF gained 35% in 2025 and ARK Next Generation Internet ETF rose 37%, beating the S&P 500’s 16%

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Cathie Wood’s ARK Investment Management made a big move Wednesday, scooping up AMD shares after the chip maker suffered its worst trading day in nearly nine years.

Five ARK exchange-traded funds purchased 141,108 AMD shares combined. The position was valued at $28.2 million at the closing bell.

Advanced Micro Devices, Inc., AMD

The buying spree came after AMD stock crashed 17% to $200.19 on Wednesday. This marked the chip maker’s largest single-session decline since May 2017.

The Numbers Behind the Selloff

AMD actually delivered solid fourth-quarter results. The company earned an adjusted $1.53 per share on revenue of $10.27 billion, which jumped 34% year-over-year.

Both numbers beat Wall Street’s expectations. Data center revenue climbed 39% to $5.4 billion, driven by the MI300 AI accelerator and Instinct and EPYC processors.

But investors weren’t impressed with the guidance. AMD forecast first-quarter revenue between $9.5 billion and $10.1 billion.

The midpoint of $9.8 billion topped the $9.39 billion consensus. Yet it wasn’t enough to justify AMD’s valuation after shares surged more than 40% between early October and Tuesday’s earnings release.

The revenue guidance includes roughly $100 million from Instinct MI308 sales to China.

ARK’s Shopping List

ARK Innovation ETF led the charge, adding 76,518 AMD shares. ARK Next Generation Internet ETF picked up 20,532 shares.

ARK Autonomous Technology & Robotics ETF bought 24,262 shares. ARK Blockchain & Fintech Innovation ETF acquired 10,811 shares.

ARK Space & Defense Innovation ETF rounded out the purchases with 8,985 shares.

Other investors joined Wood in buying the dip. AMD stock climbed 2.1% to $204.48 in Thursday’s premarket trading.

The ARK funds also purchased shares in Tempus AI, Tesla, GeneDx, CoreWeave, Bullish, Circle Internet Group, Brera, and Kodiak AI on Wednesday.

Wood has built her reputation on making aggressive bets in tech, AI, and crypto stocks. Her strategy crushed the market in 2025.

The ARK Innovation ETF climbed 35% last year. The ARK Next Generation Internet ETF rose 37%.

The S&P 500 added just 16% in comparison. It marked the third straight year that the Next Generation Internet fund beat the market.

Analyst Bill Maurer noted that the post-earnings drop could present an opportunity. He expects analyst estimates to rise in coming days, which should make AMD’s forward valuation look closer to Nvidia’s.

AMD shares were up 2.3% at press time. The stock is down 6.5% year-to-date.

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