Ark Invest Buys $81 Million Nvidia Stock, Sells $110 Million AMD

On Tuesday, September 29, 2026, Cathie Wood’s investment firm, ARK Invest, executed major adjustments to its holdings. The firm reportedly acquired $81 million in Nvidia (NVDA) shares while simultaneously offloading roughly $110 million in Advanced Micro Devices (AMD) stock. Let’s examine the potential reasoning behind ARK Invest’s portfolio reallocation.

Why Did Ark Invest Sell AMD And Purchase More Nvidia Stock?

Reports indicate that ARK added 356,681 shares of Nvidia (NVDA) through a distribution across four of its Exchange Traded Funds (ETFs). This acquisition follows Nvidia’s board increasing its share-repurchase authorization by $150 billion, pushing the total capacity to $235 billion through fiscal 2028. Numerous analysts interpret this authorization increase as a strong endorsement from the board.

Simultaneously, ARK significantly pared down its Advanced Micro Devices, Inc (AMD) positions by offloading 181,767 shares of AMD across four distinct ETFs.

Thus far in 2026, Nvidia’s (NVDA) share price has appreciated by approximately 22%, whereas AMD has surged by roughly 184% over the identical period. Consequently, ARK may be locking in gains on AMD while anticipating that Nvidia will yield superior returns throughout the remainder of the year.

Also Read: Wells Fargo, Bank Of America Raise AMD Stock Price Target

As prominent beneficiaries of the artificial intelligence boom, both Nvidia (NVDA) and AMD have experienced massive growth. Nvidia (NVDA) maintains its position as the definitive market leader, achieving a record-shattering market capitalization of $5.56 trillion in September 2026. Similarly, AMD achieved massive gains last month, with its share price reaching a high of $615.52 and its market valuation officially surpassing $1 trillion.

While Wall Street analysts maintain a heavily bullish outlook on both tech giants and anticipate a continuation of their upward momentum, observers remain cautious regarding a possible AI bubble, the deflation of which could trigger damaging repercussions across the broader stock market.

?Frequently Asked Questions

01How many Nvidia and AMD shares did ARK Invest buy and sell?

ARK Invest purchased 356,681 shares of Nvidia across four of its ETFs, valued at $81 million, while selling 181,767 shares of AMD, valued at $110 million, across four ETFs.

02What recent milestone did Nvidia reach regarding its market cap and share repurchase program?

In September 2026, Nvidia’s market capitalization reached an all-time high of $5.56 trillion. Additionally, its board expanded its share-repurchase authorization by $150 billion, bringing its total capacity to $235 billion through fiscal 2028.

03What milestone did AMD reach recently?

Last month, AMD’s stock price hit a peak of $615.52, successfully pushing its market capitalization past the $1 trillion milestone.