Cathie Wood buys Amazon and AMD stock — Palantir cuts Block Holdings amid AI and Bitcoin excitement – Advanced Micro Devices (NASDAQ:AMD)

on wednesday, Cathie Wood-led Ark Investment Made some notable deals. The most notable of these was Amazon.com Inc. AMZN, Advanced Micro Devices Company. AMD, Palantir Technologies Inc. PLTRand Block Co., Ltd.. square.

amazon trade

Ark Invest purchased 82,735 shares. Amazon.com Inc. through ARK Innovation ETF Arkku and ARK Space Exploration & Innovation ETF arcs. The move comes after Amazon recently invested $8 billion in an artificial intelligence research and development company. human. As part of the investment, Anthropic will Amazon Web Services As a leading training partner and cloud provider. This investment is expected to be mutually beneficial. Based on the closing price of $205.74, the transaction value is approximately $17.02 million.

amd trade

Ark Invest also Advanced Micro Devices Co., Ltd. Through ARKK and ARKX. Despite the company's recent struggles, Ark Invest seems to see potential in the tech giant. The transaction value is approximately $17.35 million based on the closing price of $136.24.

AMD stock is facing bearish momentum at $142.68 and is trending below major moving averages. The slight bullish signal from the 8-day SMA contrasts with the weak RSI and MACD indicators. Increasing market share offers hope, but sustainability remains uncertain.

of Palantir trade

Ark Invest sold 100,804 shares Palantir Technologies Co., Ltd. Through ARKK. Despite the sale, it's worth noting that Wedbush analysts said: Dan Ives He recently reaffirmed his $75 price target for Palantir, citing strong growth potential amid the AI ​​revolution. Based on the closing price of $66.05, the transaction value is approximately $6.66 million.

SQ Trade

SEE ALSO: Tesla and Rivian Signal end four-year legal battle over alleged trade secret theft

Ark Investment sells shares Block Co., Ltd.formerly Square Inc., has a trading value of approximately $9.82 million, based on the closing price of $88.78. ARK invested in Bitcoin BTC/USDA company focused on – through ARKK.

Ark Invest shared 2030 Bitcoin price targets ranging from $258,500 (bearish) to $3.8 million (bullish) based on company adoption. According to a Benzinga poll, only 17% of people think the $3.8 million goal can be reached by 2030, with many seeing it as unlikely or delayed. Wood highlighted regulatory clarity and institutional demand as key drivers of Bitcoin's future growth.

Other major transactions:

• Sold shares of Ark Investment Co., Ltd. Butterfly Network Co., Ltd. (BFLY) and Repair Therapeutics, Inc. (RPTX).
• Ark Investment buys stock Pacific Biosciences of California Inc.. (PACB) and Illumina Corporation. (ILMN).
• Sold shares of Ark Investment Co., Ltd. roblox company (RBLX). The company purchased the following shares Pinterest Inc. (pin).

Read next:

This story was generated and edited using Benzinga Neuro Shivdeep Dhaliwal