"Woodstock" bought over $20 million in Taiwan Semiconductor amid the sharp decline in chip stocks, continuing to increase her position in SpaceX

Ark Investment Management, led by Cathie Wood, conducted trades involving SpaceX, Taiwan Semiconductor, Amazon, and Alphabet stocks on Wednesday. This intensive operation comes at a time when these companies are facing significant catalytic events: SpaceX is encountering a large amount of short interest, Taiwan Semiconductor is under pressure due to sector rotation in technology, and Amazon is approaching its earnings report window.

ARK has been continuously increasing its holdings in SpaceX, purchasing the company's stock through four of its funds—ARK Innovation ETF, ARK Autonomous Technology & Robotics ETF (ARKQ), ARK Next Generation Internet ETF (ARKW), and ARK Space Exploration & Innovation ETF (ARKX). Based on a closing price of $112.55, this transaction is valued at approximately $14.5 million.

This increase in holdings occurs against the backdrop of rising short trading volumes. Reports indicate that the short interest in SpaceX has reached about $26 billion, with approximately 35% of the float being shorted, making it one of the most heavily shorted stocks in the market.

On Tuesday, Wood had already increased her holdings in SpaceX by $12.2 million. Since SpaceX's stock price began to pull back from its post-IPO high, Ark Investment has been consistently buying on dips.

Taiwan Semiconductor is also a key target for Ark's increased holdings, with multiple funds including ARKK, ARKQ, ARKW, and ARKX making purchases, totaling an increase in shares valued at $20.1 million. Taiwan Semiconductor's U.S. stock (TSM) closed at $374.67 that day.

Amazon was one of the main stocks Ark reduced in its trades that day, selling 4,902 shares through the ARKK fund. Based on the stock's closing price of $226.65, this transaction is valued at $1.1 million.

This reduction in holdings occurs as investors begin to await Amazon's quarterly earnings report. Amazon continues to be viewed as a significant player in cloud computing, e-commerce, and artificial intelligence investments.

Ark also reduced its holdings in Alphabet, Google's parent company, with the ARKK fund selling 3,344 shares of Class A stock, valued at $1.1 million. The stock closed at $336.71 that day. This operation continues Ark's consistent portfolio adjustment strategy: reducing positions in large internet platforms while reallocating funds to other targets within the portfolio that are more focused on cutting-edge innovation sectors