Cathie Wood’s ARK Sells AMD, Buys Circle Internet and Archer Aviation Stock

TLDR

• ARK sold 24,796 shares of Advanced Micro Devices on October 26, worth about $12.8 million, its largest trade of the day.
• ARK bought 65,615 shares of Circle Internet Group through its ARKW ETF for about $5.6 million.
• The firm added 1,161,604 Archer Aviation shares and 434,012 Joby Aviation shares.
• ARK also bought AeroVironment and Kratos Defense, and sold Taiwan Semiconductor and the ARK 21Shares Bitcoin ETF.
• AMD is up 148% this year, while Archer is down about 48% and Joby about 64%.

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Cathie Wood’s ARK published its daily trades for Monday, October 26, 2026. The largest trade by dollar value was a sale of Advanced Micro Devices shares.

Advanced Micro Devices, Inc., AMD

ARK sold 24,796 AMD shares for about $12.8 million. Reports say the firm has been cutting its AMD position over recent days.

Crypto and Aviation Buys

On the buying side, ARK purchased 65,615 shares of Circle Internet Group through its ARKW ETF. The purchase cost about $5.6 million.

ARK had sold Circle shares last Friday. Circle shares fell about 7% in the latest session.

ARK also bought 1,161,604 shares of Archer Aviation across its ARKQ and ARKX ETFs. The total was about $4.5 million. Another report said ARK bought 434,012 shares of Joby Aviation worth about $2.6 million.

Defense and Other Trades

In defense, ARK bought 59,171 shares of AeroVironment for about $7.3 million. It also added 63,612 shares of Kratos Defense & Security Solutions for about $2.5 million.

ARK sold 21,894 shares of Taiwan Semiconductor Manufacturing for about $9.2 million. It also sold shares of the ARK 21Shares Bitcoin ETF for about $3.8 million.

AMD Pulls Back After a Big Year

AMD has gained 148% so far this year. It lost about 14% in October.

Concerns about how tech firms pay for AI spending have weighed on chip stocks. AMD’s high valuation has added to the pressure ahead of its November 3 earnings report.

AMD plans to roll out its MI450 AI chips with customers including OpenAI and Oracle. Shipments are expected to grow into 2027. The company has warned that higher production could weigh on gross margins.

Wall Street still rates AMD a Strong Buy, based on 30 Buys and 6 Holds. The average price target of $663.28 implies about 25% upside.

Archer and Joby Struggle in 2026

Archer shares have fallen about 48% this year. Joby has dropped about 64%.

Earlier this month, Archer completed air taxi flights over San Francisco Bay with its Midnight aircraft. In August, it announced plans to buy Wisk Aero, Insitu and SkyGrid from Boeing. The deal cleared an antitrust hurdle in September and is expected to close before year-end.

Investors have raised concerns about share dilution from the deal. Vertical Aerospace also filed a patent infringement counterclaim in October involving the Midnight aircraft.

Analysts rate Archer a Strong Buy, with an average price target of $10.83. That implies about 175% upside. Joby holds a Hold rating with about 115% upside.

Archer reports earnings on November 9. AMD reports earnings on November 3.