--- title: "Cathie Wood Snaps Up $3.3 Million Worth Of Palantir Stock, Buys Cerebras Shares, But Dumps Alibaba Amid Anthropic Controversy" type: "News" locale: "en" url: "https://longbridge.com/en/news/290913677.md" description: "Ark Invest, led by Cathie Wood, executed significant trades on June 25, 2026. The firm purchased $3.3 million worth of Palantir shares and increased its stake in Cerebras Systems by approximately $18.9 million. Conversely, Ark sold $16.7 million in Alibaba holdings amid AI-related controversies. Additional moves included buying Coinbase and Recursion Pharmaceuticals while selling Roku and Twist Bioscience." datetime: "2026-06-26T02:47:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290913677.md) - [en](https://longbridge.com/en/news/290913677.md) - [zh-HK](https://longbridge.com/zh-HK/news/290913677.md) --- # Cathie Wood Snaps Up $3.3 Million Worth Of Palantir Stock, Buys Cerebras Shares, But Dumps Alibaba Amid Anthropic Controversy On Thursday, **Cathie Wood**\-led Ark Invest made significant trades involving **Alibaba Group Holding Ltd**. (NYSE:BABA), **Palantir Technologies Inc.** (NASDAQ:BABA), and **Cerebras Systems Inc.** (NASDAQ:CBRS). These trades reflect Ark’s strategic adjustments amid evolving market conditions. ## The Palantir Trade Ark Invest made notable purchases of Palantir shares across **ARK Blockchain & Fintech Innovation ETF** (BATS:ARKF), **ARK Innovation ETF** (BATS:ARKK), and **ARK Next Generation Internet ETF** (BATS:ARKW). The firm acquired 30,528 shares in total, valued at approximately $3.3 million, based on the closing price of $107.27. Despite the **Alex Karp**\-led company’s impressive 85% revenue growth year-over-year, the stock has experienced pressure due to a broader tech selloff and competitive threats from Anthropic’s AI solutions. **Michael Burry’s** comments on Palantir’s market position have further influenced investor sentiment. Burry highlighted Palantir’s continued decline, noting the stock had reached a new low after a low-volume top and pointing to weak trading volume as evidence of its prolonged downtrend. **Read Also: Elon Musk's $1 Million Election Giveaway Wasn't Random, Plaintiffs Allege — Judge Says Tesla, SpaceX CEO Must Testify** ## The **Cerebras** Trade Ark Invest also increased its stake in Cerebras through its **ARKK** and **ARKW** ETFs, purchasing a total of 111,989 shares. This investment is valued at approximately $18.9 million, considering the closing price of $168.52. Cerebras recently reported better-than-expected quarterly revenue, although its stock has faced challenges following its first earnings report. ## The Alibaba Trade Ark Invest reduced its holdings in Alibaba by selling 176,004 shares across its **ARKF**, **ARKK**, and **ARKW** ETFs. This sale is valued at around $16.7 million, based on the closing price of $95.07. Alibaba has been under scrutiny following accusations from Anthropic regarding AI model distillation practices. Additionally, Chairman **Joe Tsai’s** ambitious AI strategy has raised concerns among investors, contributing to the stock’s recent decline. ## Other Key Trades - **Coinbase Global Inc**. (COIN): Ark Invest bought 9,014 shares across **ARKF**, **ARKK**, and **ARKW**. - **Roku Inc**. (ROKU): Sold 130,666 shares across **ARKK** and **ARKW**. - **Twist Bioscience Corp**. (TWST): Sold 37,555 shares in **ARKG**. - **Recursion Pharmaceuticals Inc**. (RXRX): Purchased 891,473 shares across **ARKG** and **ARKK**. **Benzinga Edge Stock Rankings** indicate Palantir stock has a Momentum score in the 5th percentile and a Value score in the 2nd percentile. **Read Also: Apple, Triller Group, BlackBerry, Synaptics And Microsoft: Why These 5 Stocks Are On Investors' Radars Today** **_Disclaimer_:** _This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors._ _Photo: Ira Lichi / Shutterstock _ ### Related Stocks - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [CBRS.US](https://longbridge.com/en/quote/CBRS.US.md) - [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md) - [ROKU.US](https://longbridge.com/en/quote/ROKU.US.md) - [RXRX.US](https://longbridge.com/en/quote/RXRX.US.md) - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [TWST.US](https://longbridge.com/en/quote/TWST.US.md) - [CONI.US](https://longbridge.com/en/quote/CONI.US.md) - [PLTZ.US](https://longbridge.com/en/quote/PLTZ.US.md) - [COIG.US](https://longbridge.com/en/quote/COIG.US.md) - [CONY.US](https://longbridge.com/en/quote/CONY.US.md) - [CONL.US](https://longbridge.com/en/quote/CONL.US.md) - [COIW.US](https://longbridge.com/en/quote/COIW.US.md) - [PTIR.US](https://longbridge.com/en/quote/PTIR.US.md) - [PLTD.US](https://longbridge.com/en/quote/PLTD.US.md) - [PLT.US](https://longbridge.com/en/quote/PLT.US.md) - [BABX.US](https://longbridge.com/en/quote/BABX.US.md) - [FIAT.US](https://longbridge.com/en/quote/FIAT.US.md) - [PLOO.US](https://longbridge.com/en/quote/PLOO.US.md) - [PLTG.US](https://longbridge.com/en/quote/PLTG.US.md) - [KBAB.US](https://longbridge.com/en/quote/KBAB.US.md) - [PLTW.US](https://longbridge.com/en/quote/PLTW.US.md) - [PLTU.US](https://longbridge.com/en/quote/PLTU.US.md) - [BABO.US](https://longbridge.com/en/quote/BABO.US.md) - [BABU.US](https://longbridge.com/en/quote/BABU.US.md) - [BABW.US](https://longbridge.com/en/quote/BABW.US.md) - [BBYY.US](https://longbridge.com/en/quote/BBYY.US.md) - [CBRX.US](https://longbridge.com/en/quote/CBRX.US.md) - [CBRG.US](https://longbridge.com/en/quote/CBRG.US.md) - [CBRZ.US](https://longbridge.com/en/quote/CBRZ.US.md) - [PLTA.US](https://longbridge.com/en/quote/PLTA.US.md) - [PLTY.US](https://longbridge.com/en/quote/PLTY.US.md) - [PLYY.US](https://longbridge.com/en/quote/PLYY.US.md) - [COIA.US](https://longbridge.com/en/quote/COIA.US.md) - [COIO.US](https://longbridge.com/en/quote/COIO.US.md) - [CONX.US](https://longbridge.com/en/quote/CONX.US.md) - [COYY.US](https://longbridge.com/en/quote/COYY.US.md) - [ICOI.US](https://longbridge.com/en/quote/ICOI.US.md) - [07711.HK](https://longbridge.com/en/quote/07711.HK.md) - [09311.HK](https://longbridge.com/en/quote/09311.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [ARKF.US](https://longbridge.com/en/quote/ARKF.US.md) - [ARKK.US](https://longbridge.com/en/quote/ARKK.US.md) - [ARKW.US](https://longbridge.com/en/quote/ARKW.US.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [ILLR.US](https://longbridge.com/en/quote/ILLR.US.md) - [BB.US](https://longbridge.com/en/quote/BB.US.md) - [SYNA.US](https://longbridge.com/en/quote/SYNA.US.md) - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) ## Related News & Research - [Alibaba Qwen Update Sends Clear Signal on AI Chip Resilience](https://longbridge.com/en/news/295002435.md) - [Twist Bioscience Sees AI Drug Discovery Pipeline Expand](https://longbridge.com/en/news/294718473.md) - [Alex Karp Rips Frontier AI Labs for 'Marxist Overtones' After Palantir's Blowout Earnings— Says They Want to 'Colonize Your Enterprise'](https://longbridge.com/en/news/294797880.md) - [Palantir Says Companies Are Paying to Give Away Their 'Most Important Secrets'](https://longbridge.com/en/news/294831823.md) - [Palantir Q2 revenue beats expectations; raises outlook](https://longbridge.com/en/news/294732984.md)