Cathie Wood’s Ark Investment added to its position in Advanced Micro Devices (AMD) amid a sharp decline in the stock despite the company’s strong quarterly results.
On February 4, 2026, ARK Invest disclosed purchases of AMD across five of its ETFs:
- ARK Blockchain & Fintech Innovation ETF (ARKF) bought 10,811 shares
- ARK Innovation ETF (ARKK) added 76,518 shares
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ARK Autonomous Technology & Robotics ETF (ARKQ) purchased 24,262 shares
- ARK Next Generation Internet ETF (ARKW) acquired 20,532 shares
- ARK Space & Defense Innovation ETF (ARKX) picked up 8,985 shares
The funds collectively added 141,108 shares of AMD.
The purchase followed AMD’s fourth-quarter results that were well above Wall Street’s forecast. However, the stock fell more than 21% in Wednesday’s trading after the report.
For the December quarter, AMD earned an adjusted $1.53 per share on revenue of $10.27B, which rose 34% year-over-year. Data center revenue rose 39% Y/Y to $5.4B, aided by its MI300 AI accelerator and its Instinct and EPYC processors.
For the current March period, management is calling for sales to be between $9.5B and $10.1B, with the midpoint of $9.8B above the $9.39B consensus. The revenue includes roughly $100M of Instinct MI308 sales to China.
“AMD reported a solid quarter on Tuesday and gave decent guidance for the current period. However, the numbers weren’t seen as good enough, and the stock sold off a bit. …this post-earnings drop may be a good time to look at AMD shares. As analyst estimates are expected to rise in the coming days, the stock’s forward-looking valuation should get a bit closer to Nvidia, which should make AMD shares look a bit more attractive,” said SA analyst Bill Maurer.
AMD shares were up 2.3% at press time. The stock is down 6.5% YTD.