Ace fund manager Cathie Wood’s ARK Investment Management has been actively acquiring shares of Nvidia (NVDA) and Advanced Micro Devices (AMD) over the past two months. On Wednesday, ARK snapped up more than 100,000 shares of each companyamid renewed optimism around U.S. chipmakers.
Protect Your Portfolio Against Market Uncertainty
The purchase comes at a time when Donald Trump’s team signals a major change in U.S. chip export policy. The Biden-era AI rule, set to take effect on May 15, was designed to block advanced U.S. AI chips from reaching China through third-party countries. But Trump’s camp now says it won’t enforce that rule. Instead, it plans to roll out a “simpler” export framework that still protects national security without slowing down innovation.
Investors cheered the news, seeing it as a win for chipmakers looking to expand overseas. Nvidia and AMD shares both rose, lifted by hopes of eased trade restrictions and stronger global demand.
ARK Invest Loads Up on Nvidia and AMD
On may 7, Cathie Wood increased her stake in NVDA through ARK Invest’s ETFs, purchasing 107,661 shares, valued at around $12.2 million. That followed a smaller purchase on April 23, when the Ark Autonomous Technology & Robotics ETF (ARKQ) picked up 11,000 shares worth $1.09 million.
At the same time, ARK added 114,581 shares of AMD, valued at roughly $11.3 million. The latest AMD purchase builds on ARK’s recent buying streak. On April 30, the Ark Next Generation Internet ETF (ARKW) added 7,786 shares of AMD worth $750,492, continuing to show solid confidence in the semiconductor giant.
Wood has long championed Nvidia as a key player in the AI revolution. Her latest moves signal continued confidence that both Nvidia and AMD will benefit from the growing demand for AI infrastructure worldwide.
Is AMD a Buy, Sell, or Hold?
AMD’s latest Q1 2025 results show strong momentum. In Q1, revenue jumped 36% year-over-year to $7.44 billion, and adjusted EPS came in at $0.96. A big driver was its data center segment, which surged 57% to $3.7 billion thanks to AI demand. However, the company still faces hurdles, including U.S. export rules that restrict advanced AI chip sales to China. CEO Lisa Su admitted this is a “headwind,” but remains confident in AMD’s performance across other markets.
On TipRanks, AMD stock has a Modearte Buy consensus rating based on based on 18 Buys, seven Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average AMD price target of $124.61 per share implies 24.16% upside potential.
Is Nvidia a Good Buy Right Now?
Analysts remain confident in Nvidia’s future. On TipRanks, NVDA stock commands a Strong Buy consensus rating based on 34 Buys, five Holds, and one Sell rating. Also, the average Nvidia price target of $164.23 implies 40.30% upside potential from current levels. NVDA stock has lost 12.8% so far this year.