AMD CPU Revenue Jumps 50% Q1 with 70% Q2 Guidance, ARK Sells $96M Stake
AMD•Cathie Wood’s ARK Investment sold 74,838 AMD shares valued at $39 million on June 4 and offloaded $57 million more two days earlier, despite AMD’s 153% year-to-date rally. AMD’s CPU business grew more than 50% in Q1 and the company guided for 70% year-over-year growth in Q2 as agentic AI workloads drive demand and pricing, and MI450 GPU deliveries begin in H2.
1. ARK Investment Management Trims AMD Stake
ARK sold 74,838 AMD shares valued at $39 million on June 4 and offloaded $57 million two days earlier, reducing its position despite AMD’s 153% gain year-to-date.
2. Robust CPU Growth and Q2 Guidance
AMD’s CPU segment revenue rose more than 50% in the first quarter, and the company issued guidance for 70% year-over-year revenue growth in the second quarter, driven by expanding enterprise and cloud AI deployments.
3. AI Demand Fuels Pricing and GPU Launch
Demand from agentic AI workloads is boosting sales of higher-end CPUs with stronger average selling prices, and AMD plans to begin deliveries of its MI450 GPU platform in the second half of the year.
