ARK Invest just made a bold AI portfolio switch. On April 10, 2026, Cathie Wood's ARK bought Palantir Technologies (PLTR) across 5 ETFs simultaneously -- ARKK, ARKQ, ARKW, ARKX, and ARKF -- totaling approximately $10.7M. On the exact same day, ARK sold AMD across 4 ETFs for around $10M, with ARKF exiting its AMD position entirely.
Why sell AMD? AMD reported solid TTM revenue of $34.64B (+34.3% YoY). But ARK sees structural headwinds: NVIDIA's CUDA moat, hyperscalers building proprietary chips, and AMD caught in the middle. In a market where hardware commoditizes, value shifts to software platforms.
Why buy Palantir? Palantir's AIP platform sits on top of any hardware vendor. Revenue grew 56.2% in 2025, net income surged 251.6%, and it holds the #1 AI software vendor ranking per Dresner Advisory Services (2024) and IDC. Government and enterprise contracts create recurring revenue. ARK is betting the software layer commands a structural premium.
Key dates: Palantir Q1 2026 earnings: May 4. AMD Q1 2026 earnings: May 5. Those two reports will validate or challenge this trade thesis.
For the full analysis in Korean, visit Snakestock.
Top comments (0)