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Ark Invest sells $3.3 million of AMD shares on Thursday while buying $7.7 million of Tempus AI stock

Yahoo Finance AIMay 11, 20262 min read
Ark Invest sells $3.3 million of AMD shares on Thursday while buying $7.7 million of Tempus AI stock

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3 Key Points

  1. ARK Innovation ETF sold 8,045 AMD shares valued at approximately $3.3 million at AMD's closing price of $408.46 on Thursday. This marks the third consecutive day of AMD selling by Ark, following $16 million in sales on Tuesday and $8 million on Wednesday.

  2. Ark Invest increased its position in Tempus AI Inc. by acquiring 154,045 shares across ARK Genomic Revolution ETF and ARKK funds for approximately $7.7 million at Tempus AI's closing price of $49.47.

  3. Tempus AI reported a 36.1% rise in first-quarter revenue with quarterly revenue reaching $348.1 million, exceeding analyst expectations. Diagnostics revenue increased 34.7%, while data and applications revenue climbed 40.5% to $87 million. The company raised its full-year revenue outlook despite widening net losses.

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