Cathie Wood Just Sold AMD Stock and Bought This AI Chip Stock Instead

Ark Invest, led by Cathie Wood, sold approximately $111.1 million worth of AMD stock and purchased $81 million of Nvidia stock in late September. The move reflects a preference for Nvidia's valuation (22x forward earnings) over AMD's (63.5x forward earnings), despite AMD's higher expected growth. Nvidia's new Vera Rubin server platform combining GPUs and CPUs could threaten AMD's growth opportunities in the AI compute space.