This article first appeared on GuruFocus.
Cathie Wood’s ARK Invest added to Meta Platforms (NASDAQ:META) and Alphabet (NASDAQ:GOOG) positions across several exchange-traded funds on April 30 while trimming Advanced Micro Devices (NASDAQ:AMD), according to trade disclosures.
Meta fell about 8% after its latest results as investors focused on a higher 2026 capital spending plan. Alphabet, by contrast, jumped about 10% after strong quarterly results and a bigger AI investment outlook, giving ARK a chance to buy into the volatility. AMD also drew selling from ARK after shares pulled back.
ARK bought Meta and Alphabet in multiple funds while reducing AMD holdings, signaling a shift toward the two larger AI-linked names after their post-earnings reactions diverged.
AMD had recently climbed sharply on demand tied to agentic AI workloads, but the stock eased after Chief Executive Lisa Su met U.S. Commerce Secretary Howard Lutnick to discuss artificial intelligence and U.S. technology leadership. In all, Meta, Alphabet and AMD remained at the center of the rotation for active managers tracking AI exposure this year.
