Cathie Wood buys $17 million worth of AMD, adds TSM & Qualcomm
Cathie Wood's Ark Invest bought 1.3 lakh AMD shares worth $17 million via its ETFs, alongside picks in Taiwan Semi and Qualcomm. The move follows Melius Research AMD upgrade, citing a strong GPU roadmap and MI400 launch next year. AMD rose 1.04% Monday, with analysts projecting earnings power to exceed $8 in two years.