Cathie Wood's ARK Loads Up NVDA Stock Amid PC Chip Boost — And Sold $57M In AMD

• Nvidia unveiled its first PC processor, the RTX Spark superchip, set to debut in laptops from nearly all major manufacturers this fall.
• Nvidia shares gained 6.3% on Monday.
• Stocktwits sentiment for NVDA remained ‘bullish.’

Cathie Wood’s ARK Investment Management bought $63.3 million in shares of Nvidia on Monday just as the stock rallied on a major announcement from the AI chip giant.

Nvidia unveiled its first PC processor, the RTX Spark superchip, set to debut in laptops from nearly all major manufacturers this fall. The announcement, made by CEO Jensen Huang at the Computex conference in Taiwan alongside a series of other updates, sent Nvidia shares soaring 6.3% – their biggest single-day gain in more than four months.

ARK Invest’s funds acquired 300,017 Nvidia shares, according to an Investing.com report, quoting the firm’s disclosure. ARK also acquired 62,669 shares of newly listed Cerebras Systems, valued at approximately $14.85 million, expanding an existing position.

Meanwhile, the firm sold 110,207 shares of Advanced Micro Devices, worth around $56.88 million. It also divested 23,584 shares of Teradyne, netting around $8.83 million.

ARK is regarded as one of the major tech investors, and its trades are widely watched by investors for market signals.

NVDA Stock Pops Finally

Nvidia’s announcements on Monday had several second-order effects. PC makers Dell Technologies and HP, Inc. rallied sharply, triggered by expectations that new computers powered by Nvidia’s latest chip would revive sales. 

Investors also piled into CoreWeave, Nebius, and Palantir after Huang highlighted the companies as key Nvidia partners and pointed to their rapidly growing businesses. Shares of Microsoft, the co-developer of Nvidia’s new chip, also rose.

Nvidia’s own rally was notable, coming after the stock had lagged peers for months. Nvidia shares are up 20% year to date, compared to the 90% rise in the iShares Semiconductor ETF (SOXX).

Retail View On NVDA

On Stocktwits, the retail sentiment for NVDA remained ‘bullish,’ unchanged from the previous day, even as 24-hour message volume surged by 320%. Traders broadly forecast that the stock would run higher, with one saying that NVDA could hit a fresh record this week. 

Meanwhile, Nvidia's five-year credit default swap (CDS) is trading at about 38 basis points, slightly below the U.S. sovereign CDS, at 40 basis points, according to The Kobeissi Letter. That implies investors now consider Nvidia less likely to default on its obligations than the U.S. federal government – a major sign of confidence in the company.

Another wrote: “$NVDA setting up for a big week. The short-term downtrend channel just broke, and price is now around $221 — right at that key 217–220 zone. This is the test. Not just breaking above it… but holding it. If 217–220 flips into support, the conversation likely shifts back toward ATHs. Also worth noting: buyers defended the 195–200 zone when it mattered most. Trendline broke. Now the market wants confirmation.”

This comes as in FY2026, Nvidia carried only about $8.5 billion in total debt against roughly $10.6 billion in cash and generated nearly $100 billion in free cash flow, giving it one of the strongest balance sheets of any company in the world.

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