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benzinga.com
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Cathie Wood's Massive Tuesday Overhaul: Unloads $28.4M In Palantir, Dumps Robinhood, Swoops Up Tech Giants Shopify, AMD, TSMC And Amazon - Advanced Micro Devices (NASDAQ:AMD), Amazon.com (NASDAQ:AMZN)

1. Ark Invest purchased 11,711 shares of AMD amid challenges. 2. AMD faced a 7% drop in first-quarter data center revenue guidance. 3. Ark's trade indicates continued interest in AMD despite recent underperformance. 4. AMD's fourth-quarter earnings fell below investor expectations, impacting sentiment.

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FAQ

Why Neutral?

Ark's purchase suggests sustained interest in AMD, yet challenges persist.

How important is it?

Ark's trades often influence market perceptions, but recent AMD struggles temper optimism.

Why Short Term?

Current trends affecting AMD suggest short-term volatility rather than long-term stability.

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