Ark Invest offloads $12.09 million of AMD shares

Ark Invest, led by Cathie Wood, sold shares worth approximately $12.09 million in Advanced Micro Devices on Tuesday. The transactions were executed through two of the firm's exchange-traded funds: the ARK Blockchain & Fintech Innovation ETF (ARKF) and the ARK Space & Defense Innovation ETF (ARKX). This move comes as AMD's stock remained near record highs, following a rally earlier in the week.

Trade Details

The ARKF fund sold 1,470 shares, while the ARKX fund offloaded 22,374 shares. Based on AMD's closing price of $507.29, the total value of the trades reached roughly $12.09 million.

ETF	Shares Sold	Closing Price ($)	Trade Value ($)
ARK Blockchain & Fintech Innovation ETF (ARKF)	1,470	507.29	~745,716.30
ARK Space & Defense Innovation ETF (ARKX)	22,374	507.29	~11,344,284.46
Total	23,844	507.29	~12,090,000.76

Portfolio Context

Advanced Micro Devices is Ark's second-largest holding on a consolidated basis, trailing only Tesla. The firm's position in AMD is valued at more than $1 billion, accounting for 8.92% of its overall portfolio by weight. However, Wood has been actively trimming the holding in May and June. On Monday alone, she sold stock worth nearly $77.4 million.

Strategic Moves

The sale follows AMD's recent acquisition of MEXT, a company specializing in AI-driven memory optimization technology. This acquisition is intended to bolster AMD's data center and AI capabilities. Additionally, Ark Invest sold 186,304 shares of Strata Critical Medical Inc (SRTA) from the ARKQ fund and 209,342 shares from the ARKX fund.

Advanced Micro Devices Inc. (NASDAQ: AMD) acquired MEXT, a developer of AI-driven memory optimization technology, to strengthen its data center and AI portfolio. Financial terms of the acquisition were not disclosed. The stock edged higher in Tuesday’s premarket trading, remaining near record highs after rallying 6.98% on Monday. The deal addresses a key bottleneck in modern data centers, where complex AI and high-performance computing workloads require faster and more efficient memory access.

MEXT’s predictive memory technology is designed to make flash storage behave more like DRAM, helping expand usable memory capacity while maintaining performance. Advanced Micro Devices expects the technology to improve infrastructure efficiency, lower the total cost of ownership, and accelerate AI deployments. Additionally, MEXT’s engineering team will join Advanced Micro Devices to strengthen its expertise in memory systems and AI infrastructure.

Key Details of the Acquisition

Aspect	Details
Acquirer	Advanced Micro Devices Inc.
Asset Acquired	MEXT (AI-driven memory optimization technology)
Financial Terms	Undisclosed
Primary Objective	Enhance memory optimization capabilities

Market Outlook and Analyst Ratings

Advanced Micro Devices remains in a strong long-term uptrend, with the stock surging 332.99% over the past year. The company is estimated to report earnings on Aug. 4, 2026, with Wall Street expecting earnings of $1.55 per share on revenue of $11.28 billion. The stock trades at 182.4 times earnings and carries a consensus Buy rating. Recent analyst actions include Citigroup upgrading the stock to Buy with a price forecast of $575, Bank of America Securities maintaining Buy with a target of $560, and Barclays maintaining Overweight with a target of $665.