This article first appeared on GuruFocus .
Cathie Wood's ARK Invest adjusted several technology holdings on Wednesday, adding to Broadcom while trimming its position in Advanced Micro Devices.
ARK purchased 57,705 Broadcom shares across multiple exchange-traded funds for about $20.6 million. The move extends its recent accumulation of the chipmaker.
The firm also sold 37,977 AMD shares for roughly $18.2 million across four ETFs. That follows another reduction earlier in the week, indicating a continued shift in exposure between major AI-chip companies.
Elsewhere, ARK acquired 69,585 Cerebras shares valued at about $12.8 million and bought 47,794 Cloudflare shares for approximately $13.3 million. It also added 304,851 shares of Generate Biomedicines through its biotech-focused ETF.
The latest trades show Wood continuing to reposition the portfolio toward selected AI, cloud and biotechnology names while reducing exposure to other holdings.
