Key Points
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Cathie Wood sold shares in Netflix, Broadcom, and AMD on Thursday, marking her busiest day of selling in months.
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Netflix’s stock has increased 10% since terminating its acquisition deal with Warner Bros. Discovery.
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Broadcom’s stock is up 73% in the past year, with projected revenue growth of 64% for this fiscal year.
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AMD reported a 34% revenue increase in Q4, driven by a 39% surge in its data center segment revenue.
Cathie Wood, the CEO of Ark Invest, reduced her stakes in over three dozen companies on October 5, including significant holdings in Netflix, Broadcom, and AMD. Amid these moves, Netflix’s stock has gained 10% following the company’s decision to end its deal with Warner Bros. Discovery.
Broadcom has experienced a 73% stock increase over the past year, with analysts forecasting a 64% revenue growth for the current fiscal year. Meanwhile, AMD’s recent quarterly performance showcased a robust 34% rise in revenue, largely fueled by its data center business, which contributed over half of its total revenue.
