Cathie Wood Trims AMD Stake at $518.79 to Add Cerebras Shares

On May 29 2026 Ark Investment trimmed its AMD position while adding shares of Cerebras Systems, a move framed as profit-taking rather than a loss of conviction. AMD remains Cathie Wood’s second-largest holding and closed the day at $518.79, up 4.69 percent with an $845 billion market capitalization. The reallocation highlights continued institutional interest in AI inference, where AMD cites a $120 billion CPU opportunity and Cerebras trades at roughly 110 times trailing sales with a $53 billion market cap.