AMD's Stock Struggles Continue Despite Positive Earnings Report.
Cathie Wood's ARK Investment Management bought over 26,200 shares of Advanced Micro Devices (AMD) when the stock dropped over 9% due to weak guidance and a slump in PC revenue. The estimated valuation of the purchase was over $2.1 million. Funds operated by ARK also bought over 564,000 shares of Pacific Biosciences of California Inc (PACB) at an estimated valuation of over $6.6 million.