On Monday, Cathie Wood-led Ark Invest made substantial trades in several key tech companies, notably NVIDIA Corp (NASDAQ: NVDA), Advanced Micro Devices, Inc. (NASDAQ: AMD), and Palantir Technologies Inc. (NASDAQ: PLTR).
The Nvidia Trade
Ark Invest acquired 101,356 shares of Nvidia across various ETFs, including ARK Blockchain & Fintech Innovation ETF (BATS: ARKF), ARK Innovation ETF (BATS: ARKK), ARK Autonomous Technology & Robotics ETF (BATS: ARKQ), ARK Next Generation Internet ETF (BATS: ARKW), and ARK Space & Defense Innovation ETF (BATS: ARKX). At a closing price of $225.01, this investment is approximately $22.8 million. Nvidia is also expanding its AI infrastructure, with a significant data-center capacity acquisition in Ohio potentially leading to substantial future revenue.
The AMD Trade
Ark Invest sold 25,917 shares of AMD across multiple ETFs. With AMD’s stock price at $506.00, this sale equated to around $13.1 million. AMD is currently raising up to $5 billion through a bond sale to bolster its AI investments.
The Palantir Trade
Ark reduced its holdings in Palantir by selling 22,023 shares, valued at approximately $3.8 million. Palantir is focusing on integrating its software with various AI models rather than developing its own, enabling it to benefit from the AI trend.
Other Key Trades
- ARKF purchased 5,001 shares of Cloudflare, Inc. (NET).
- ARKG sold shares of Twist Bioscience Corporation (TWST) and AtaiBeckley Inc. (ATAI).
- ARKK sold shares of Roblox Corp (RBLX) and bought 344,578 shares of Cerus Corp (CERS).
- ARKG purchased 22,666 shares of Tempus AI Inc. (TEM).
Benzinga Edge Stock Rankings reported Nvidia’s stock showing strong momentum but low value scores.
This summary includes AI-assisted content and was reviewed by Benzinga editors.
