Cathie Wood Loads Up AMD and Google Stocks Amid Tech Selloff

This article first appeared on GuruFocus.

Cathie Wood’s Ark Invest increased exposure to technology and crypto-linked stocks over the past week, shifting capital toward areas tied to artificial intelligence, semiconductors, and digital assets, according to a Monday press release.

The buying activity appeared across several Ark funds, including ARK Innovation ETF (ARKK), as the firm added positions in Advanced Micro Devices (NASDAQ:AMD) and Alphabet (NASDAQ:GOOGL). Ark also increased holdings in Coinbase Global (NASDAQ:COIN) and Robinhood Markets (NASDAQ:HOOD), reflecting continued interest in crypto infrastructure and trading platforms.

In semiconductors, Ark focused on companies viewed as beneficiaries of rising AI-related compute demand. The firm also added exposure to select hardware and chip-related names as part of its broader AI infrastructure theme.

At the same time, Ark reduced positions in areas such as ad technology, consumer internet platforms, and more established software-as-a-service businesses, indicating a rotation away from slower-growth segments.

The portfolio moves suggest Ark is positioning for longer-term trends tied to artificial intelligence adoption, blockchain activity, and precision technologies, while trimming exposure to categories that may face near-term pressure.