Cathie Wood Dumps $13 Million of This Surging AI Chip Stock

What happened

Cathie Wood's ARK Invest sold 24,796 Advanced Micro Devices shares worth $13 million, using the exact figure from the headline, at Monday's $531.28 close, ahead of the chipmaker's November 3 earnings report, after the stock gained 148% in 2026.

Confirmed

Global impact / market context

The sale is a notable investor positioning signal: ARK trimmed a big winner ahead of earnings, when analysts expect profit and revenue to rise sharply, showing that even bullish holders may lock in gains before results.

Analyst inference

AMD's growth depends on artificial intelligence data center processors, but investors are weighing higher expansion costs and possible pressure on gross margins, which means profit per sale, as its next-generation MI450 accelerators ramp up manufacturing.

Analyst inference

What to watch

1. The company's November 3 earnings report will show whether results match analyst expectations of $1.94 per share in earnings and $13.08 billion in revenue. Confirmed
2. Watch whether gross margins, which means profit per sale, shrink as MI450 accelerator production ramps up and expansion costs rise. Analyst inference
3. Track shipments tied to large customer deployments expected to build into 2027, and whether the stock's Overweight consensus rating and $664 average price target hold. Analyst inference

Evidence

• gurufocus.com