Ark Invest purchases $81M in Nvidia while offloading $110M of AMD

On Tuesday, September 29, 2026, Cathie Wood’s investment firm, ARK Invest, executed major adjustments to its holdings. The firm acquired roughly $81 million in Nvidia (NVDA) shares and simultaneously divested about $110 million in Advanced Micro Devices, Inc. (AMD) stock. Let’s examine the factors that may have driven ARK Invest to restructure its holdings in this manner.

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

Reports indicate that ARK acquired 356,681 shares of Nvidia (NVDA) distributed among four of its Exchange Traded Funds (ETFs). This acquisition follows Nvidia’s board decision to increase its share-repurchase authorization by $150 billion, bringing the total approved capacity to $235 billion through fiscal 2028. Numerous analysts interpret this expansion as a strong expression of confidence from the board.

Concurrently, while expanding its position in Nvidia (NVDA), ARK substantially trimmed its exposure to AMD by offloading 181,767 shares across four separate ETFs.

Throughout 2026, Nvidia’s (NVDA) stock has climbed approximately 22%, whereas AMD has surged by about 184% over the same duration. This divergence suggests that ARK may be locking in gains on AMD while anticipating larger returns from Nvidia for the remainder of the year.

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

Both companies have ranked among the top beneficiaries of the artificial intelligence boom. Nvidia (NVDA) remains the definitive market leader, with its market capitalization reaching an all-time peak of $5.56 trillion in September 2026. Meanwhile, AMD experienced remarkable growth last month, driving its stock price to a high of $615.52 and pushing its market cap past the $1 trillion milestone.

Wall Street analysts maintain an increasingly bullish outlook on both Nvidia (NVDA) and AMD, anticipating continued upward momentum for both chipmakers. Even so, widespread concerns persist regarding a potential AI bubble, the deflation of which could trigger significant fallout across the broader stock market.

Frequently Asked Questions

How much Nvidia stock did ARK Invest buy?

ARK Invest purchased $81 million worth of Nvidia stock, totaling 356,681 shares across four of its ETFs.

How much AMD stock did ARK Invest sell?

The firm sold about $110 million worth of AMD shares, which amounted to 181,767 shares across four ETFs.

What recent announcement did Nvidia make regarding share repurchases?

Nvidia’s board expanded its share-repurchase authorization by $150 billion, bringing its total capacity to $235 billion through fiscal 2028.

How have Nvidia and AMD stocks performed in 2026?

Nvidia’s stock value has risen by about 22% in 2026, while AMD’s stock has risen by about 184% during the same timeframe.

What milestones did Nvidia and AMD reach in September 2026?

Nvidia’s market cap hit an all-time high of $5.56 trillion, and AMD’s stock price hit a peak of $615.52, pushing its market cap past the $1 trillion mark.