TLDR
- ARK Invest bought Meta and Alphabet shares across multiple ETFs on April 30, 2026
- ARK sold over 172,000 AMD shares worth roughly $58 million in a single day
- Meta fell 8.5% after earnings despite a Q1 beat, due to high 2026 capex guidance of $125B–$145B
- Alphabet rose 9.9% after strong results and raised its 2026 capex outlook to $180B–$190B
- AMD had risen over 68% in the past month; ARK appears to be taking profits ahead of May 5 earnings
Cathie Wood’s ARK Invest made a series of trades on April 30, 2026, buying into Meta Platforms and Alphabet while selling Advanced Micro Devices across five of its ETFs.
The daily fund disclosures showed ARK Innovation ETF bought 43,953 shares of Alphabet and 26,753 shares of Meta. It also sold 93,698 shares of AMD.
ARK Autonomous Technology & Robotics ETF bought 28,180 Alphabet shares and sold 30,031 AMD shares.
ARK Next-Generation Internet ETF bought 13,653 Meta shares and sold 23,897 AMD shares.
ARK Fintech Innovation ETF bought 6,795 Meta shares and sold 11,895 AMD shares.
ARK Space Exploration & Innovation ETF bought 11,996 Alphabet shares and sold 12,784 AMD shares.
In total, ARK sold 172,305 AMD shares across its funds in one day, worth approximately $58.09 million. This came on top of more than 215,000 AMD shares sold the previous Friday.
Why ARK Bought Meta and Alphabet
Both Meta and Alphabet reported earnings before the trades were made. Alphabet rose 9.9% after beating expectations. The company raised its 2026 capital expenditure outlook to between $180 billion and $190 billion and flagged further increases in 2027.
Meta beat Q1 estimates but its stock dropped 8.5%. Investors reacted to the company’s raised 2026 capex guidance of $125 billion to $145 billion. Despite the stock drop, ARK added shares across three of its funds.
Why ARK Trimmed AMD
AMD closed Thursday up 5.16% at $354.49, but ARK still reduced its position. The stock had risen more than 68% over the past month, driven by demand for agentic AI workloads.
AMD CEO Lisa Su met with U.S. Commerce Secretary Howard Lutnick on Tuesday to discuss artificial intelligence and U.S. tech leadership. The stock pulled back that day.
AMD and rival Intel have reportedly been able to raise CPU prices as data center demand tied to agentic AI grows.
ARK’s selling ahead of AMD’s May 5 earnings report suggests the firm may be locking in gains or reducing exposure before results.
Analysts expect AMD to report Q1 2026 revenue of around $9.88 billion, up 33% year-over-year. Earnings per share is projected at $1.28, also up roughly 33%.
Wall Street currently holds a Moderate Buy consensus on AMD, based on 19 Buy ratings and nine Hold ratings. The average analyst price target is $296.24, which would represent about 16% downside from Thursday’s closing price.
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