Cathie Wood Trims AMD Stake as TSMC’s AI Chip Sales Jump 30%
AMD•Ark Invest’s Cathie Wood trimmed her AMD stake and shifted assets to Nvidia, even as AMD trades at 35.5x 2027 earnings with $100 billion in AI partnership commitments. Taiwan Semiconductor Manufacturing Co.’s 30% monthly sales surge from AI chip demand highlights potential production constraints for AMD’s upcoming processors.
1. Ark Invest Rebalances AMD Holding
Ark Investment Management’s Cathie Wood trimmed her position in AMD, reallocating capital into Nvidia shares. Wood’s decision follows AMD’s 35.5x 2027 earnings multiple and substantial $100 billion commitments in AI inference and agentic AI partnerships, signalling a preference for Nvidia’s valuation.
2. TSMC Reports 30% AI-driven Sales Increase
Taiwan Semiconductor Manufacturing Co. posted NT$416.98 billion ($13.2 billion) in May revenue, up 30% month-over-month due to surging AI chip demand. TSMC’s forecasted capital expenditure of up to $56 billion and persistent supply shortfalls could constrain AMD’s access to advanced process nodes.
