Cathie Wood’s ARK trims AMD and adds to Nvidia
On Aug. 28, ARK Invest sold 156,286 shares of AMD for about $72.8 million at the closing price, and directed about $53 million into Nvidia.
Cathie Wood's ARK Invest trimmed its stake in Advanced Micro Devices Inc. (AMD, Financials), the chipmaker that is Nvidia's rival in the race to build artificial intelligence chips and data center processors.On Aug.
28, ARK sold 156,286 shares of AMD for approximately $72.8 million at the closing p…