Cathie Wood sells $74-million shares of AMD after stock skyrockets 72% in one month

Popular US investment strategist Cathie Wood sold shares of US-based semiconductor giant Advanced Micro Devices (AMD) worth more than $74 million on Friday while buying Amazon shares worth a little over $73 million.

Cathie Wood’s ARK ETFs recorded the latest share sale and purchases, reducing their total holdings in AMD to more than $807 million, according to daily trade data on the ARK’s website. AMD still constitutes the second-largest holding for the ETFs. The company’s Amazon holdings stands at over $296 million.