On Monday, Cathie Wood‘s Ark Invest executed significant trades involving Advanced Micro Devices Inc. (NASDAQ:AMD), Tempus AI Inc. (NASDAQ:TEM), Circle Internet Group Inc. (NYSE:CRCL), and Rocket Lab Corp. (NASDAQ:RKLB).

The AMD Trade

Ark Invest reduced its holdings in the Lisa Su-led company across multiple ETFs, including ARK Blockchain & Fintech Innovation ETF (BATS:ARKF), ARK Innovation ETF (BATS:ARKK), and ARK Next Generation Internet ETF (BATS:ARKW). The sale involved a total of 37,836 shares, valued at approximately $17.4 million based on AMD’s closing price of $458.79.

This move comes as AMD hits a 52-week high, driven by expectations of increased demand for AI data centers. Analysts suggest the semiconductor rally might face a correction, echoing the late-1990s dot-com boom. 

Ark has been reducing its AMD holdings recently. On Friday, Ark sold nearly $21.1 million worth of AMD shares. In the last week, the Wood-led firm offloaded stock worth nearly $48.4 million.

The Tempus AI Trade

Ark Invest continues to show confidence in Tempus AI by purchasing 162,765 shares across ARK Genomic Revolution ETF
(BATS:ARKG) and ARKK, valued at approximately $7.9 million at the closing price of $48.46.

Tempus AI reported a 36.1% jump in first-quarter revenue to $348.1 million, beating analyst estimates on strong demand for its oncology diagnostics and AI-driven data business. The company also raised its full-year revenue forecast despite wider net losses, while diagnostics revenue rose 34.7% and data and applications revenue climbed 40.5% to $87 million.

Ark purchased $7.7 million worth of Tempus AI stock on Thursday and $7.8 million worth on Wednesday

The Circle Trade

Ark Invest increased its stake in Circle by acquiring 41,904 shares across ARKF, ARKK, and ARKW, worth about $5.5 million at the last close of $131.76.

Circle’s shares rose following a strong first-quarter earnings report, with USDC (CRYPTO: USDC) transaction volume up significantly. The company reported first-quarter earnings per share of 21 cents, beating analyst estimates of 19 cents, while revenue came in at $694.13 million, below expectations of $722.38 million.

Circle said USDC circulation rose 28% year-over-year to $77 billion, while onchain transaction volume surged 263% to $21.5 trillion during the quarter. Reserve income increased 17% to $653 million, driven by higher USDC circulation, and wallets holding more than $10 in USDC climbed 47% to 7.2 million.

The Rocket Lab Trade

Ark Invest trimmed its position in Rocket Lab by selling 33,029 shares across ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) and ARK Space & Defense Innovation ETF (BATS:ARKX), valued at approximately $3.9 million at the closing price of $117.35.

Rocket Lab CEO Peter Beck recently highlighted a robust demand and a growing backlog in defense and space contracts. Despite the sale, Ark’s interest in aerospace and defense remains evident. 

Other Key Trades

• Purchased 128,970 shares of Kratos Defense and Security Solutions Inc. (KTOS) in ARKQ.
• Acquired 92,198 shares of Intellia Therapeutics Inc. (NTLA) in ARKK.
• Sold 83,024 shares of Twist Bioscience Corp. (TWST) in ARKK and 12,890 shares in ARKG.
• Sold 23,834 shares of Veracyte Inc. (VCYT) in ARKG.

Benzinga Edge Stock Rankings indicate AMD stock has a Momentum score in the 98th percentile and a Value score in the 4th percentile.

Photo: ChrisStock82 / Shutterstock.com

This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal