ARK’s Bold Move: Cathie Wood Dumps COIN, Doubles Down on AMD for 2025 Surge

Cathie Wood’s ARK makes a power play—slashing COIN exposure while betting big on AMD’s AI-driven future.

Shifting tides: ARK’s latest trade signals a pivot from crypto volatility to semiconductor momentum. Is this the end of the Coinbase love affair?

AMD’s chips are hot—and ARK’s buying spree suggests they’re banking on Silicon outperforming blockchain in H2 2025. Wall Street’s crystal ball remains foggy, but Wood’s team isn’t waiting for clarity.

Bonus jab: Another day, another ‘disruptive’ portfolio shuffle—because nothing disrupts like chasing last quarter’s winners.

ARK funnels $50M into AMD

Data shows that ARK’s latest trading MOVE is pointing towards semiconductors, with Advanced Micro Devices (AMD) an early beneficiary. On Monday alone, the firm scooped up 356,275 AMD shares across three of its ETFs, including ARKK (Innovation), ARKW (Next Gen Internet), and ARKF (Fintech Innovation).

With AMD closing the day at $141.90, that haul was worth around $50.5 million.

Here's every move Cathie Wood and Ark Invest made in the stock market today 6/30 pic.twitter.com/tNDrrI36B7

— Ark Invest Daily (@ArkkDaily) July 1, 2025

The renewed bet on AMD follows a volatile stretch for the chipmaker as it is struggling for its position in the AI hardware race. Earlier this month, AMD announced a strategic partnership with India’s HCLTech to build innovation labs. This project will focus on artificial intelligence, cloud computing, and digital infrastructure. Analysts believe that this move can fuel Optimism around the company’s next-gen AI chips

Nvidia is still leading the AI race. NVDA share price has jumped by 15% over the last month. It traded around $158 in the last trading session. However, AMD has posted a solid month by surging over 23% in the period.

COIN cools off as Cathie Wood takes profits

Bernstein recently slapped a $510 price target on Coinbase, while likening it to “the Amazon of crypto.” Despite bullish analyst coverage, ARK is playing it safe and locking in profits as COIN continues its impressive run. This strategy mirrors the firm’s long-standing practice of selling high and buying low, while keeping diversification in check.

COIN price has jumped by a massive 42% over the last month. Meanwhile, after ARK’s dumping, COIN is declining in the pre-market session by 2.4%, suggesting that it might drop to the $342 mark.

In the recent developments, the US Supreme Court just shrugged off what might’ve been one of the most consequential digital privacy cases for crypto users. On Monday, the Court declined to hear Harper v. IRS. This battle began in 2020 when the IRS quietly compelled Coinbase to show user data through a “John Doe” summons. 

James Harper, who is a Coinbase user, argued this was a violation of his Fourth Amendment rights. Coinbase backed Harper’s appeal. In an amicus brief, the exchange warned that if the courts allow this to stand, the government could “trace users’ every crypto transaction in the past and monitor every crypto transaction in the future.” 

The District Court tossed the case, then the First Circuit doubled down, and now the Supreme Court is refusing to step in.

Meanwhile, Coinbase isn’t the only stock getting the axe as the Cathie Wood-led firm also reduced its position in Israeli defense firm Elbit Systems (ESLT). The firm also sold 1,160 shares from its ARKX (Space Exploration) and ARKQ (Autonomous Tech & Robotics) ETFs, netting about $504,000.

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