Nvidia Stake Boosted by ARK Invest Amid Diverging Stock Performances
Cathie Wood and her investment firm ARK Invest made significant moves in their holdings of Nvidia NVDA and Advanced Micro Devices AMD. They acquired 329,539 Nvidia shares valued at approximately $78.8 million and sold 172,541 AMD shares.
The move follows a sharp divergence in the stock performances of these two companies this year. While Nvidia has risen about 22%, AMD has advanced by an impressive 184%.
Nvidia's upcoming Vera Rubin platform is entering customer deployments, with AWS planning to deploy more than 2 million Blackwell Ultra, Rubin and Rubin Ultra GPUs during 2027 and 2028.
The company also recently expanded its buyback authorization and is pursuing a deal for Hugging Face. Meanwhile, AMD continues to build its AI business through the Helios platform and an agreement with Anthropic for up to 2 gigawatts of MI450-series GPUs.