Bearish
AMD stock declines 2.33% to $465.58 amid ARK Invest's recent sell-off.
In the past 24 hours, AMD's stock price fell by 2.33% to $465.58, influenced by ARK Invest's recent sale of 156,286 shares, totaling approximately $74.5 million. This divestment aligns with ARK's strategic shift towards other technology stocks, notably increasing positions in Nvidia and Broadcom. Despite this, AMD's strong Q2 2026 performance, with data center revenue more than doubling year-over-year, underscores its growth potential.
Key points
- ARK Invest sold 156,286 AMD shares, totaling $74.5 million.
- AMD's Q2 2026 data center revenue more than doubled year-over-year.
- AMD's stock price closed at $465.58, down 2.33%.
Sources
AI-generated from public news sources. Not financial advice.
