Cathie Wood's ARK Invest is reducing its stake in AMD just as the company prepares to launch its MI450 accelerator and Helios rack-scale system, which are expected to drive significant growth in AI data center revenue. AMD's recent financials show strong revenue growth, especially in data centers, with major customers like Anthropic, OpenAI, and Meta committed to large MI450 deployments. Despite the stock's strong performance and upcoming product cycle, Wood's selling resembles a cautious risk management move rather than a full exit. Investors should watch AMD's Q4 2026 data center revenue for the first material impact of Helios, with analysts generally bullish on the stock's long-term potential.
The Invesco S&P 500 Top 50 ETF (XLG) reduces the S&P 500 to its 50 largest companies by market cap, resulting in a fund dominated by mega-cap tech stocks, especially semiconductors which make up about 26% of the portfolio. The top five holdings—NVIDI...
Microsoft launched the Surface Laptop Ultra, its most powerful laptop ever, powered by Nvidia's new RTX Spark CPU instead of Intel processors. This marks a significant shift as Intel, which still dominates PC chips by volume, loses the top-tier marke...
