So, the Palantir growth story has been all about riding the AI wave to Valhalla but, in sharp contrast, chip giant AMD’s trajectory has been more akin to a slog through the AI swamp. While PLTR stock has surged, AMD shares have been unable to show any AI-driven gains, with the stock actually falling by 32% over the past 12 months.

Cathie Wood’s Ark Invest is continuing its selling spree in Palantir Technologies (PLTR). Last week, the closely watched fund manager offloaded another more than $47 million worth of PLTR stock as part of a broader portfolio reshuffling.

Cathie Wood, chief of Ark Investment Management, often makes big bets on her target tech stocks. Sometimes, she’ll buy them on the way down, hoping for a bargain. And sometimes she’ll even acquire them on the way up.