The SpaceX TradeOn Tuesday, Ark Invest had purchased $6.6 million worth of shares of the Elon Musk-led company.The Advanced Micro Devices TradeArk Invest also made a notable move in AMD on Wednesday, selling shares of the chipmaker through multiple funds as the stock remained in focus across the semiconductor sector. The reduction came as investors continued to assess AMD’s near-term trading setup and broader role in the artificial intelligence and data-center race.ARKK sold 6,338 shares of AMD, while ARKX trimmed another 1,672 shares, making the chipmaker one of the day’s more visible sell-side trades. The stock closed at $517.40, making the transaction worth nearly $4.1 million.Investors continued rotating out of high-beta technology stocks amid broader market weakness. Despite the pullback, AMD remains in a longer-term uptrend, trading above its 50-day and 200-day moving averages, although it has slipped below its 20-day moving average, signaling softer near-term momentum.Investors are also looking ahead to AMD’s Aug. 4 earnings report, with Wall Street expecting EPS of $1.55 on $11.28 billion in revenue. Analysts continue to maintain a Buy consensus, while Wedbush’s Dan Ives reiterated his bullish outlook on AI chipmakers, arguing the AI infrastructure cycle remains in its early stages and upcoming earnings should reinforce long-term demand trends.On Tuesday, Ark sold $4.5 million worth of AMD shares.Other Key Trades