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Cathie Wood trims AMD stake after shares surge 72% in a month, shifts firepower to Amazon
Business
Published on 27 April 2026
The sale came right after a 72% jump
Cathie Wood sold more than $74 million worth of Advanced Micro Devices shares after the stock surged 72% in just one month. She simultaneously increased exposure to Amazon. Even as ARK ETFs saw outflows, Wood doubled down on innovation, rejecting fears that an AI-driven market bubble could be forming.
- Cathie Wood sold over $74 million in AMD shares after a big rally
- The move coincided with buying Amazon stock
- ARK ETF outflows did not change her bullish stance
- Wood dismissed claims of an imminent AI market bubble
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times