Cathie Wood's investment firm reshuffled its tech holdings on April 22, doubling down on chipmakers Nvidia (NVDA, Financials) and Advanced Micro Devices (AMD, Financials), while offloading a sizable stake in Microsoft (MSFT, Financials) and increasing its position in Airbnb (ABNB, Financials).
The firm picked up 11,000 shares of Nvidia worth $1.09 million. The stock is down more than 26% this year, hit by U.S. export restrictions on its AI chips to China. Still, analysts expect a strong rebound, with price targets implying about 70% upside.
AMD was another target, with 24,800 shares purchased for roughly $2.14 million. Like Nvidia, AMD has been dragged down by geopolitical tensions, falling nearly 29% year-to-date. Analyst projections see potential gains of over 60%.
On the sell side, Wood exited 26,405 shares of Microsoft, valued at $9.7 million. The move comes after Microsoft paused its global data center expansion, prompting concerns about short-term demand for AI infrastructure. The stock is down nearly 13% this year but retains long-term support from analysts.
Airbnb was the firm's biggest buy of the day, with 80,361 shares added ahead of its earnings release next week. The $9.23 million purchase signals confidence, even as the stock remains down 13% in 2025. Analysts remain cautious, though price targets suggest a potential 33% upside.
Among these trades, Nvidia and Microsoft still carry the strongest analyst ratingsNvidia standing out for its high upside despite regulatory risks.
This article first appeared on GuruFocus.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.