Sold before financial report! Female stock goddess reduces holdings of AMD and TSMC and turns to bet on "this industry"

Cathie Wood, the founder of ARK Invest, known as the "Female Stock God", has adjusted her investment layout again! According to the latest transaction data, Ark Investment sold AMD and TSMC shares for a total value of approximately US$22.5 million. At the same time, it turned to the electric air taxi industry and bought Archer Aviation and Joby Aviation stocks for a total investment of approximately US$6.8 million. This operation shows that after some semiconductor stocks accumulated considerable gains, Wood is shifting some funds to the more speculative emerging transportation industry.

Trading data shows that Ark Investment sold 24,796 AMD shares this time, valued at approximately US$13.2 million; it also reduced its holdings of 21,894 TSMC shares, valued at approximately US$9.3 million, for a total of approximately US$22.5 million.

It is worth noting that AMD will announce its third-quarter financial results on November 3. Wall Street expects the company to earn $1.94 per share on revenue of about $13.08 billion. Although Ark Investment chose to reduce its holdings, market analysts are still optimistic about AMD. Susquehanna recently raised its AMD target price to $620, while Bernstein maintained an "outperform" rating with a target price of $650.

While reducing his holdings in semiconductor stocks, Wood also shifted some of his funds to electric air taxi companies. Ark Investment purchased approximately US$4.8 million in Archer Aviation shares and approximately US$2 million in Joby Aviation shares, for a total investment of approximately US$6.8 million.

Archer Aviation and Joby Aviation are both promoting the commercialization of electric vertical take-off and landing aircraft (eVTOL) and air taxi services. However, the two companies are still in the early stages of commercial operation development. Compared with AMD and TSMC, which have mature business scales, investment risks and future development uncertainties are relatively higher.

Judging from this transaction, Ark Investment reduced some semiconductor holdings on the one hand, and increased investment in the emerging transportation industry on the other hand, reflecting its strategy of readjusting capital allocation after the rise of some technology stocks.