Popular investor Cathie Wood loaded up on additional Advanced Micro Devices (AMD) stock on Friday through the ARK Invest ETFs, reflecting confidence in the growth potential of this semiconductor giant. At the same time, Wood increased her position in Airbnb (ABNB), the travel and lodging platform, purchasing 162,255 shares via ARKK for $21.4 million. She also bought 222,150 shares of Shopify (SHOP) across multiple ETFs for about $23.5 million. However, as per the daily trades published by ARK, Wood offloaded shares of Circle Internet Group Inc. (CRCL), the issuer of stablecoin USDC (USDC).
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ARK Loads Up on AMD Stock
On June 20, 2025, Cathie Wood’s ARK Investment bought 247,753 shares of AMD across three of its ETFs—ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF)—in a combined purchase worth around $31.4 million. This signals ARK’s continued bullish stance on AMD, reinforcing its focus on disruptive tech, especially AI and chipmakers.
Is AMD a Buy, Sell, or Hold?
On TipRanks, AMD stock has a moderate Buy consensus rating based on 22 Buys and 11 Hold ratings. The average Advanced Micro Devices price target of $129.93 implies 1.32% upside potential from current levels. Year-to-date, AMD stock has gained 6.17%.
Wood Offloads Circle Internet Group
The sale of Circle Internet was the largest trade across the Ark line of ETFs on Friday. A total of 609,175 shares were sold across three ETFs, amounting to roughly $121.6 million.
The move likely comes in response to the stock’s sharp rally—Circle jumped more than 20% on Friday alone and is now up over 650% from its June 5 IPO price of $31. Given the rapid rise, ARK may be trimming its position to lock in gains while the stock trades at elevated levels.
Is CRCL Stock a Buy Today?
Using TipRanks’ technical analysis tool, the indicators seem to point to a positive outlook for CRCL stock, thanks to four Bullish indicators and no Neutral or Bearish indicators. However, it is worth noting that since the company recently went public, there is not enough data to fully analyze its technical patterns.
