Cathie Wood just pours $5.8 million into CoreWeave stock
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Cathie Wood's ARK Invest has invested $5.8 million in CoreWeave, acquiring over 83,000 shares of the AI cloud infrastructure company. This purchase was made through several Ark funds, including the Ark Innovation ETF (ARKK). CoreWeave specializes in GPU-based cloud services for AI workloads, competing with larger providers. The investment reflects growing institutional demand for AI compute resources, although the average purchase price per share was not disclosed. This acquisition is a notable addition to Ark's portfolio, which also saw adjustments in other tech and healthcare positions.
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