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Markets Insider

Cathie Wood’s ARK trims $74.5M in AMD and adds $76M of Nvidia and Broadcom ahead of AVGO earnings on September 3

AI Market Summary
ARK Invest rotated within semiconductors, selling ~$74.5M of AMD while adding ~$55.6M of Nvidia and ~$20.5M of Broadcom ahead of AVGO earnings. The buys lean into AI-exposed leaders following Nvidia's strong quarter and upbeat demand commentary, potentially supporting near-term sentiment in mega-cap AI chip names and increasing focus on Broadcom's upcoming results as a read-through for AI infrastructure spending.
Impact level
● Medium
Affected assets
NCSKNVDA2USD/USDT+1.94%
AI Insight · NCSKNVDA2USD/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
ARK Invest reduced its stake in Advanced Micro Devices by about $74.5 million on August 28, while adding $55.6 million of Nvidia and $20.5 million of Broadcom. Broadcom is scheduled to report earnings on September 3. AMD is up 117.4% year to date, and Nvidia’s latest quarterly revenue rose 106% year over year.
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