Cathie Wood Just Dumped $110 Million of AMD--and Bought Nvidia and Broadcom

This article first appeared on GuruFocus. Advanced Micro Devices (AMD, Financials) just lost another sizable chunk of Cathie Wood's backing as ARK Invest shifted money toward two of its biggest AI-chip rivals. Warning! GuruFocus has detected 7 Warning Signs with AMD. Is AMD fairly valued? Test your thesis with our free DCF calculator.AMD GF Value chart ARK also purchased 356,681 Nvidia (NVDA, Financials) shares for $81.04 million and 76,263 Broadcom (AVGO, Financials) shares worth $25.56 million. The deals continue a trend.ARK sold 156,286 AMD shares for $74.5 million and bought $55.6 million of Nvidia and $20.5 million of Broadcom on Aug. 28.