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Cathie Wood's Ark Invest weekly recap: bets on AI-driven biotech, buys dip in CRCL, sells IRDM, PINS
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Cathie Wood's Ark Invest had a mixed week, aggressively buying AI, biotech, and digital-asset infrastructure stocks, while selling communication, satellite, and social-media stocks. Notable buys included Circle (CRCL), Beam Therapeutics (BEAM), Tempus AI (TEM), and Alibaba (BABA). Major sales involved Iridium Communications (IRDM) and Pinterest (PINS). The fund also reduced positions in AMD, Salesforce, and others, reflecting strategic shifts in investment focus.
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