ARK Sells AMD for Fourth Time in Weekly Rebalance After Three-Day Trim

ARK Invest continued trimming AMD in its May 11 weekly rebalance, selling shares alongside Rocket Lab while buying Tempus AI (TEM), WGS, CRWV, and over 371,000 Intellia shares via ARKK. This followed three straight days of AMD sales ending May 10: ~$16M on Tuesday, ~$8M Wednesday, and 8,045 shares (~$3.3M at $408.46 close) Thursday—despite AMD's 16% five-day rally. On May 10, ARK bought 154,045 Tempus AI shares (~$7.7M at $49.47) post its Q1 revenue beat (+36% to $348M). The moves highlight ARK's pivot from semiconductors/space to AI/genomics themes.