Cathie Wood Cashes In AMD, Bets on AI Boom

0:00Kathy Wood and her arc funds just cashed in big dumping 215,000 shares of AMD worth about $75 million. This came right after AMD surged nearly 70% over the past month, capping off a 25% weekly jump. Her flagship arc innovation ETF, though, sits down 1.76% so far this year in 2026, lagging the S&P 500s, 4.67% gain. That style thrives on volatility in tech bets like AI, robotics, and biotech. She crushed it with a 153% return in 2020, but got hammered dropping over 60% in 2022. That rollercoaster shows in the long haul. Five-year annualized returns at negative 9.01%, way behind the S&P's 13.01%. This pulled back hard, with over 1.12 billion dollars in outflows from arc innovation over the last 12 months.

1:00Still, two arc funds ranked among the worst ETFs in quarter one. Morningstar calls out massive wealth erosion, but Wood stays bullish, preaching a great acceleration from converging tech breakthroughs. The AMD rally fired up on Intel's blowout earnings, highlighting surging AI data center demand for CPUs. Wall Street shifting, too, analysts upgrading AMD to buy. Hiking targets to $375, seeing CPUs as the backbone of agentic AI workloads. Price hikes are hitting 10-15% already. Our trimmed AMD, but it's still third in holdings at over $416 million for innovation ETF. Wood's grabbing profits amid the heat while adding stakes and energy and Amazon plays. Adding the AI boom keeps accelerating no matter the dips. That's your update from Durham News today, powered by AI. I'm Corey with the story.