Cathie Wood opens jobs at AMD and closes at Adobe

Kathy Wood, founder of Ark Invest, opened positions in AMD on Monday and closed positions in Adobe.

the Ark Invest Founder, Cathy Wood, made headlines again for its investment decisions. The same Positions opened last Monday at advanced micro dr 9 million and the closed positions he had Adobe for $16 millionaccording Dan Will on the Street.

The Ark Next Generation Internet ETF has purchased 114,911 shares Semiconductor designer. This stash was appreciated $9.1 million as of Monday’s close.

AMD is down 35% over the past year Amidst the difficulties of the chip industry, but it was 23% have recovered so far this year with the sector.

Ark Next Generation also acquired 196,280 shares from a video game platform Roblox Rg-A game appreciate in $7.2 million At the end of Monday.

procedures were It’s down 27% over the past yearsince The demand for video games decreased after covidFewer people stayed at home. It was Roblox 29% have recovered so far this yearThanks to the solid earnings.

on the sales side, Ark Next Generation sold 50,180 Adobe shares, which provides content creation software, including Adobe Acrobat. Cluster was evaluated in $16.2 million At the end of Monday.

Adobe posts It fell 8% on Fridayafter bloomberg You mentioned that the government is developing Antitrust lawsuit to thwart Adobe’s planned $20 billion acquisition of Figmaa smaller player in the industry.

Owns shares of Adobe It’s down 4% so far this year and 31% over the past year amid concerns about its growth prospects.

Late Arc performance

Meanwhile, Wood’s performance hasn’t set the investment world on fire over the past year, as its young technology stocks have plummeted. your flagship The Ark Innovation ETF is down 44% over that period and 75% since its February 2021 peak..

Still, the box has it 27% have recovered so far this yearTechnology stocks generally rose.

Mama Cathy, as Wood knows her followers, defends her strategy by pointing out that she has An investment horizon of five years. but Five-year annual revenue of $7.2 billion of dollars It was Ark Innovation Negative 0.15% through Feb 27Compared to 9.64% for the S&P 500.

The fund’s return is also nowhere near Wood’s target of 15% annual returns over five years.

Ark Innovation suffered a Net investment flow 16 million of dollars during the the past five daysAccording to ETF research firm Vitafi. But I had fun $1.090 million flowed in over the past year.

advanced micro dr It is trading at $80.10 and the 200 SMA is below the last candle. Meanwhile, the Ei scores are conflicting.

brick It is trading at $324.13, still below the downward gap, and the 70 and 200 period moving averages are above the price. Meanwhile, Ei’s are mostly bearish.

Roblox Rg-A game It is trading at $36.63 and the 200 moving average is below the last four candles.