Cathie Wood Makes $14M Bet on Alphabet Stock Ahead of Today's Q1 Earnings, Scoops Up CRWV and Intellia and Trims Bullish Stake
Complete. Here is the key summaryCathie Wood's ARK Invest made significant moves on April 28, 2026, including a $14.17 million purchase of 40,656 shares of Alphabet (GOOGL) ahead of its Q1 earnings report. Wood also bought 162,306 shares of CoreWeave (CRWV) for over $18.18 million and increased her stake in Intellia Therapeutics (NTLA) with a purchase of 596,171 shares valued at $7.77 million. Conversely, she trimmed her position in Bullish (BLSH), selling 27,526 shares worth about $1.07 million to lock in profits. Analysts expect Alphabet's earnings to dip due to high capital expenditures for AI data centers.
Cathie Wood's ARK Invest ETFs (exchange-traded funds) made several moves on Tuesday, April 28, 2026, according to the firm's daily trade disclosures. The most notable action was a massive bet on AI infrastructure firm CoreWeave (CRWV) and a strategic entry into Alphabet (GOOGL) ahead of its highly anticipated Q1 earnings report today. At the same time, Wood reduced her exposure to Bullish (BLSH), an institutional digital asset exchange and crypto-media firm.
Claim 55% Off TipRanks
Forget margin or options. Here's how the pros trade CRWVWood Loads Up on Alphabet Ahead of Earnings
The most high-profile move of the day was the purchase of 40,656 shares of Alphabet through the ARK Innovation ETF (ARKK), valued at approximately $14.17 million.
The stock has been a powerhouse performer, rallying 118% over the past year and 12% year-to-date, driven by its cloud business and the rising demand for its custom TPU chips.
Wood is positioned for a major catalyst as the tech giant reports Q1 results today, with traders expecting a larger-than-usual 5.67% swing in the stock price. While investors are bracing for a slight dip in earnings due to the company's massive $175–$185 billion capital expenditure plan for AI data centers, Wood appears confident that these investments will cement Alphabet's lead in the AI race.
ARK Doubles Down on NTLA and CoreWeave
Wood also made a significant "buy the dip" play in CoreWeave, picking up 162,306 shares across its ARKK and ARK Next Generation Internet ETF (ARKW), for a transaction worth over $18.18 million. The purchase followed a 5.83% drop in CoreWeave's stock price, which closed at $105.53 on Tuesday. Wood's buying suggests she views the recent pullback as a good entry point.
In addition, ARK continued to bolster its position in Intellia Therapeutics (NTLA) by buying 596,171 shares through its ARKK and ARK Genomic Revolution ETF (ARKG), valued at roughly $7.77 million.
This buy comes just before Intellia reports Q1 results on Thursday, April 30. For the upcoming report, Wall Street analysts expect revenues of $13.57 million, down from $16.63 million a year ago. Meanwhile, they expect the company to post a loss per share of $0.91, compared to a loss of $1.10 per share in the same quarter last year.
Wood Trims Stake in Bullish to Lock in Gains
On the selling side, Wood offloaded 27,526 shares of Bullish through the ARKW ETF. The sale, valued at about $1.07 million, appears to be a tactical move to capitalize on recent gains.
The stock rose 2.34% during Tuesday's session, closing at $39.82. By selling into this strength, Wood is locking in profits while reallocating capital toward high-conviction AI and biotech plays like Alphabet and Intellia.
How Wall Street Views These Stocks
Using the TipRanks comparison tool, Alphabet leads with a Strong Buy and Smart Score of 9. Intellia offers the highest upside, while CoreWeave has a low Smart Score despite solid upside. Meanwhile, Bullish also shows decent upside with a strong score.