Key Takeaways
- ARK Invest acquired approximately 300,000 Nvidia shares valued at $63 million on June 1, 2026
- ARK divested roughly 110,000 AMD shares totaling approximately $56 million that same trading day
- Nvidia shares surged approximately 6% following the company’s announcement of next-generation AI PC processors at Computex
- AMD shares declined as much as 5.5% amid concerns over Nvidia’s expansion into its core market segment
- Tigress Financial’s Ivan Feinseth elevated his Nvidia price target to $425, suggesting 92% potential upside
On Monday, June 1, 2026, Cathie Wood’s ARK Invest executed a decisive portfolio shift. The investment firm accumulated Nvidia shares while simultaneously exiting a significant AMD position.
ARK acquired approximately 300,000 Nvidia shares distributed across multiple ETFs within its portfolio. The aggregate purchase value totaled roughly $63 million.
Concurrently, ARK liquidated approximately 110,000 AMD shares. The divestment generated around $56 million in proceeds.
Market Performance Divergence Between Nvidia and AMD
Nvidia shares experienced a roughly 6% gain on Monday. This price appreciation followed the company’s introduction of innovative AI-optimized PC processors at the Computex technology conference.
AMD shares moved in the opposite direction. During intraday trading, AMD plummeted as much as 5.5%, though it recovered somewhat to close approximately 1% lower.
The primary concern weighing on AMD shareholders is evident. Nvidia seems to be entering the PC processor market segment, an arena where AMD has maintained a strong competitive position.
ARK’s Evolving Position on Nvidia
Wood’s substantial Nvidia acquisition carries additional significance given her historical stance. She previously ranked among Nvidia’s most prominent skeptics.
In earlier periods, Wood maintained that Nvidia’s market valuation appeared excessive. Her thesis centered on the belief that companies implementing AI technology would capture more long-term value than the semiconductor manufacturers producing the underlying hardware.
She notably stated that “AI now has to play out elsewhere for Nvidia’s valuation to make sense.” She additionally cautioned that proprietary AI chips developed by major technology corporations could erode Nvidia’s competitive advantage.
Monday’s trading activity indicates a fundamental shift in her perspective.
ARK additionally acquired 62,669 shares of Cerebras Systems, representing approximately $14.85 million in value. This transaction continues a consecutive series of Cerebras acquisitions throughout the preceding week, demonstrating ARK’s sustained enthusiasm for AI semiconductor companies.
ARK also divested 23,584 Teradyne shares, generating roughly $8.83 million. This sale extends an established trend of ARK trimming its Teradyne holdings.
Wall Street Analyst Perspectives
Ivan Feinseth from Tigress Financial elevated his Nvidia price target from $360 to $425. He maintained his Strong Buy recommendation on the stock. The revised target suggests approximately 92% upside potential from prevailing price levels.
Feinseth characterized Nvidia as “the must-own core holding for the AI investment cycle.” He highlighted its Blackwell GPU architecture, advanced networking technology, and CUDA software ecosystem as fundamental competitive strengths.
Nvidia maintains a Strong Buy consensus rating among 40 Wall Street analysts. The breakdown includes 38 Buy recommendations, one Hold rating, and one Sell rating. The consensus 12-month price target stands at $309.86, representing approximately 38% upside from recent trading levels.
AMD similarly commands a Strong Buy consensus from 35 analysts, comprising 27 Buy ratings and 8 Hold ratings. Its consensus price target sits at $477.33, which interestingly represents approximately 6% downside from recent trading prices.
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