Ark Investment's Cathie Wood Just Sold AMD Shares and Bought Nvidia. Is That the Right Move for Investors?

Cathie Wood has been trimming her AMD stake while buying Nvidia shares. AMD, trading at 35.5x 2027 estimates, has strong growth prospects in AI inference and agentic AI with $100 billion partnership commitments. Nvidia, at a more attractive 16x forward P/E with 85% revenue growth, remains the AI infrastructure leader. Both stocks offer compelling growth opportunities, though Nvidia appears more attractive on valuation.