AMD shares declined roughly 3% after Cathie Wood’s ARK Invest sold 215,643 shares across five ETFs on April 24, trimming a position valued at about $66–75 million. The move reflected profit-taking following a 13% one-day gain and nearly 70% rally over the prior month.

D.A. Davidson analyst Gil Luria boosted AMD’s price target to $375 from a lower level, citing a structural shift toward CPU processing to support sophisticated AI workloads. The firm highlighted that emerging agentic AI models require greater multi-step computing capacity, underpinning sustained demand through the decade.

Northland Capital downgraded AMD after its nearly 60% surge, noting that strong fundamentals may not offset lofty multiples compared with peers. Analysts warn that heavy R&D spending and potential cooling of AI infrastructure budgets by 2027 could temper future growth.