Advanced Micro Devices (AMD) stock fell on Thursday following news that investor Cathie Wood sold shares of the semiconductor company. Wood is invested in AMD through her ARK Investment Management firm. The firm sold 138,432 shares of AMD stock for $22.27 million, which means the shares were sold at an average price of $160.87 each.
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Wood’s decision to reduce her stake in AMD came at a time of concern for the chipmaker. Its largest CPU rival, Intel (INTC), has received considerable support recently. That includes an $8.9 billion investment from the U.S. government and a $5 billion investment from AMD’s graphics processing unit (GPU) rival, Nvidia (NVDA).
Adding to these troubles are new reports of another potential investment in Intel from a major tech player. Inside sources claim that Intel has reached out to iPhone maker Apple (AAPL) to discuss how the two can work more closely together. All of this support for Intel is worrying for AMD as it attempts to carve out larger spaces in the CPU and GPU markets.
AMD Stock Movement Today
AMD stock was down 2.53% on Thursday but remained up 33.19% year-to-date. However, the shares have fallen 3.95% over the past 12 months. While AMD has performed well in 2025 thanks to the artificial intelligence (AI) boom, it still has trouble competing against larger rivals Nvidia and Intel. There have also been analyst concerns about possible waning demand for its server components.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for AMD is Moderate Buy, based on 22 Buy and 13 Hold ratings over the past three months. With that comes an average AMD stock price target of $187.32, representing a potential 19.6% upside for the shares.
