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Cathie Wood Trims AMD Amid AI Bullishness | Durham News
Cathie Wood is scaling back her bets on AMD despite its stellar 130% year-to-date surge, taking profits as the chipmaker’s recent dip prompts a strategic pullback. While her flagship Ark Innovation ETF has underperformed over the past five years amid broader market gains, AMD remains a key holding — especially as AI demand heats up and analysts forecast explosive revenue growth. Wood remains bullish on tech’s deflationary potential, seeing AI as a productivity engine that could drive falling inflation and interest rates — a tailwind for her favorite disruptors. But investor sentiment is…
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