Chips from Arm Holdings have been making headway, but even this could be a long-term "RISC."
Noted investor Cathie Wood, the founder and CEO of investment management firm ARK Invest, is known for investing in companies capable of disruptive innovation. It's not surprising, therefore, that she's been loading up on shares of Advanced Micro Devices (NASDAQ: AMD) in 2023. Wood's combined holding of AMD shares across ARK Invest's portfolios of exchange-traded funds (ETFs) has increased from just under 73,000 shares at the beginning of the year to 268,000 shares, as of this writing.
AMD and Qualcomm may not be growing at the same pace as Nvidia. But investors may have punished these stocks a bit too much.