Wood’s ARK Invest Increases Meta and Alphabet Holdings, Divests AMD

TLDR

• ARK Invest acquired shares of Meta and Alphabet across several of its exchange-traded funds on April 30, 2026
• ARK divested more than 172,000 AMD shares, valued at approximately $58 million, within a single trading day
• Meta’s stock declined by 8.5% following its earnings report, despite exceeding first-quarter expectations, attributed to its elevated 2026 capital expenditure forecast of $125 billion to $145 billion
• Alphabet’s shares climbed 9.9% subsequent to robust financial results and an upward revision of its 2026 capital expenditure projection to between $180 billion and $190 billion
• AMD’s stock had appreciated by over 68% in the preceding month; ARK seems to be realizing profits in anticipation of the May 5 earnings release

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(SeaPRwire) –   On April 30, 2026, Cathie Wood’s ARK Invest executed a series of transactions, acquiring stakes in Meta Platforms and Alphabet, concurrently divesting shares of Advanced Micro Devices across five of its exchange-traded funds.

According to daily fund disclosures, the ARK Innovation ETF purchased 43,953 shares of Alphabet and 26,753 shares of Meta, while also selling 93,698 shares of AMD.

Alphabet Inc., GOOGL

The ARK Autonomous Technology & Robotics ETF acquired 28,180 Alphabet shares and offloaded 30,031 AMD shares.

The ARK Next-Generation Internet ETF purchased 13,653 Meta shares and sold 23,897 AMD shares.

The ARK Fintech Innovation ETF acquired 6,795 Meta shares and divested 11,895 AMD shares.

The ARK Space Exploration & Innovation ETF bought 11,996 Alphabet shares and sold 12,784 AMD shares.

Collectively, ARK divested 172,305 AMD shares across its various funds in a single day, amounting to roughly $58.09 million. This transaction followed the sale of over 215,000 AMD shares the preceding Friday.

Why ARK Bought Meta and Alphabet

Both Meta and Alphabet released their earnings reports prior to these trades. Alphabet’s stock increased by 9.9% after surpassing market expectations. The company revised its 2026 capital expenditure forecast upwards to a range of $180 billion to $190 billion, also indicating potential further increases in 2027.

Meta exceeded its first-quarter estimates, yet its stock declined by 8.5%. Investors responded to the company’s elevated 2026 capital expenditure guidance, set between $125 billion and $145 billion. Notwithstanding the share price decrease, ARK augmented its holdings across three of its funds.

Why ARK Trimmed AMD

AMD concluded Thursday’s trading session with a 5.16% gain, reaching $354.49, yet ARK still decreased its stake. The stock had surged over 68% in the last month, propelled by the demand for agentic AI workloads.

On Tuesday, AMD CEO Lisa Su held a meeting with U.S. Commerce Secretary Howard Lutnick to discuss artificial intelligence and American technological leadership. The stock experienced a decline on that particular day.

Reports indicate that AMD and its competitor Intel have been able to increase CPU prices due to growing data center demand linked to agentic AI.

ARK’s divestment prior to AMD’s May 5 earnings report implies that the firm might be securing profits or diminishing its market exposure ahead of the financial results.

Analysts anticipate AMD will announce first-quarter 2026 revenue of approximately $9.88 billion, marking a 33% year-over-year increase. Earnings per share are forecasted at $1.28, also representing an approximate 33% rise.

Wall Street presently maintains a “Moderate Buy” consensus for AMD, derived from 19 “Buy” ratings and nine “Hold” ratings. The average analyst price target stands at $296.24, which would indicate roughly a 16% decrease from Thursday’s closing price.