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Capital is rotating out of listed semiconductor names and into private space infrastructure, and ARK Invest is providing the clearest evidence of that shift yet.
Cathie Wood's fund has raised its SpaceX position by $57 million while cutting its stake in Advanced Micro Devices (AMD) by $39 million, a pairing that says more about where growth money sees value than either trade does on its own.
The allocation shift The two moves run in opposite directions across the public-private divide. SpaceX is a private company; AMD trades on an exchange.
That ARK chose to add to the illiquid side and reduce the liquid one reflects a view that listed semiconductor prices may have moved ahead of what the underlying demand environment can sustain.
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