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 Momentum ETF (SPMO) remains a hold despite increased volatility and sharper pullbacks following its September rebalance. The fund shifted exposure from established tech giants like Nvidia and Broadcom to higher-beta AI infrastruct...
Advanced Micro Devices' Executive Vice President Forrest Norrod sold 17,262 shares worth $9.33 million, marking his third consecutive mid-month sale amid rising concerns in the AI sector. This insider selling coincides with broader tech industry worr...
Intel shares rose 5% to about $94 as semiconductor stocks recovered from a sharp sell-off last week driven by doubts over AI spending sustainability and data center investment returns. The sector-wide rebound included gains for AMD, Nvidia, and Micro...
Semiconductor stocks experienced their longest losing streak since 2008, falling for eight consecutive days due to concerns over AI spending cycles, rising oil prices, and higher interest rates. The Philadelphia semiconductor index dropped 3.8% on Oc...
