Ark Invest Purchases $81M in Nvidia and Offloads $110M in AMD
Cathie Wood’s ARK Invest bought $81 million in Nvidia shares following a massive buyback authorization while offloading $110 million in AMD stock to reallocate its portfolio amidst the ongoing artificial intelligence boom.
On Tuesday, September 29, 2026, Cathie Wood’s investment firm, ARK Invest, executed major adjustments to its holdings. The firm acquired roughly $81 million in Nvidia (NVDA) stock while offloading about $110 million in Advanced Micro Devices (AMD) shares. Let us examine the potential motivations behind ARK Invest’s portfolio reallocation.
Why Did Ark Invest Sell AMD And Purchase More Nvidia Stock?
Reports indicate that ARK acquired 356,681 shares of Nvidia (NVDA) distributed across four of its Exchange Traded Funds (ETFs). This acquisition follows Nvidia’s board decision to increase its share-repurchase authorization by $150 billion, bringing its total buyback capacity to $235 billion through fiscal year 2028. Numerous analysts interpret this expansion as a strong expression of confidence from the board.
Concurrently with expanding its Nvidia (NVDA) position, ARK significantly trimmed its Advanced Micro Devices, Inc. (AMD) stake by liquidating 181,767 shares across four different ETFs.
During 2026, Nvidia’s (NVDA) share price has appreciated by approximately 22%, whereas AMD has experienced a surge of about 184% over the identical period. This divergence suggests that ARK may be locking in gains on its AMD investment while anticipating superior performance from Nvidia for the remainder of the year.
Both Nvidia (NVDA) and AMD stand out as premier beneficiaries of the artificial intelligence boom. Nvidia maintains its status as the undisputed market leader, with its market capitalization reaching a record high of $5.56 trillion in September 2026. AMD achieved remarkable milestones last month as well, with its share price touching a peak of $615.52 and its market valuation officially surpassing $1 trillion.
Wall Street analysts maintain an increasingly optimistic outlook on both Nvidia (NVDA) and AMD, anticipating continued upward momentum for the two semiconductor giants. Nonetheless, many market watchers remain concerned about a possible artificial intelligence bubble, the eventual deflation of which could trigger significant repercussions for the broader stock market.
Frequently Asked Questions
01Why did ARK Invest buy Nvidia stock?
ARK Invest purchased 356,681 shares of Nvidia across four ETFs, following the company’s announcement of an expanded $150 billion share-repurchase authorization.
02How much AMD stock did ARK Invest sell?
ARK Invest sold approximately $110 million worth of AMD shares, totaling 181,767 shares across four ETFs.
