Ark Invest Unloads Millions in Tempus AI, Continues Selling AMD Shares

Cathie Wood-led Ark Invest made significant trades on Tuesday involving Tempus AI and Advanced Micro Devices. The firm sold $15.6 million worth of Tempus AI shares, which is approximately 250,062 shares, through its ARK Innovation ETF.

This move comes after a recent surge in Tempus AI's stock price, linked to a successful Phase 3 clinical trial by Merck & Co. and Moderna Inc., validating the acquisition of Personalis.

Ark also reduced its holdings in AMD, selling 4,136 shares through ARK Autonomous Technology & Robotics ETF and 3,314 shares via ARK Space & Defense Innovation ETF. This totals approximately $3.4 million worth of stock. The firm has been offloading shares of the Lisa Su-led chipmaker.

Ark's recent trades also include purchasing Rocket Lab Corp shares through various funds.