--- title: "Cathie Wood Buys $26.6 Million in Nvidia Shares, Ark Invest Sells Palantir Stock Amid Market Swings" type: "News" locale: "en" url: "https://longbridge.com/en/news/295481749.md" description: "Ark Invest, led by Cathie Wood, purchased $26.6 million in Nvidia shares while selling Palantir stock on August 10, 2026. The Nvidia buy occurred via multiple ARK ETFs despite a recent 2.86% stock decline, citing Nvidia's dominance in the AI chip market. Conversely, Ark sold approximately $2 million worth of Palantir shares through ARKQ following a prior rally. Other trades included buying Cloudflare and selling Snowflake and Iridium." datetime: "2026-08-11T02:41:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295481749.md) - [en](https://longbridge.com/en/news/295481749.md) - [zh-HK](https://longbridge.com/zh-HK/news/295481749.md) --- # Cathie Wood Buys $26.6 Million in Nvidia Shares, Ark Invest Sells Palantir Stock Amid Market Swings **Cathie Wood**\-led Ark Invest made significant trades on Monday, focusing on **Nvidia Corp. (NASDAQ:NVDA)** and **Palantir Technologies Inc. (NASDAQ:PLTR)**. ## The Nvidia Trade Ark Invest’s decision to trade **Nvidia Corp. (NASDAQ:NVDA)** comes as the company maintains a dominant position in the AI chip market. According to **Counterpoint Research**, Nvidia’s chips are used in 92% of sovereign large language models across more than 80 countries. This highlights Nvidia’s critical role in the AI sector, despite the challenges of maintaining independence in domestic AI developments. Ark Invest purchased 122,422 Nvidia shares worth around $26.6 million. On Monday, Nvidia’s stock closed at $217.55, reflecting a decline of 2.86%. The transactions were made through **ARK Innovation ETF** (BATS:ARKK), **ARK Autonomous Technology & Robotics ETF** (BATS:ARKQ), **ARK Next Generation Internet ETF** (BATS:ARKW), **ARK Blockchain & Fintech Innovation ETF** (BATS:ARKF) and **ARK Space & Defense Innovation ETF** (BATS:ARKX). **Read Also: Yankees Co-Owner Patrick Bet-David Sold a Kobe Bryant Card for $17,000 and Felt Smart— Until It Hit $2 Million and Taught Him a Warren Buffett-Style Lesson: 'Be Patient'** ## The Palantir Trade Ark Invest also engaged in trading Palantir on the same day. Palantir’s stock experienced volatility, initially dropping in premarket trading before rebounding. The stock’s movement followed a significant 38% rally the previous week. Despite the recent gains, Palantir remains down 2.17% year-to-date. Palantir closed at $175.23 on August 7, marking a 1.87% increase. Ark’s trade in Palantir was estimated to be worth $2 million. The sale of 11,525 shares was made through **AKRQ**. ## Other Key Trades - **Cloudflare, Inc.** (NET) – Bought 58,142 shares through **ARKK** and **ARKF.** - **Snowflake Inc.** (SNOW) – Sold 15,830 shares through ARKW. - **Iridium Communications Inc.** (IRDM) – Sold 34,575 shares through **ARKX.** **Benzinga Edge Stock Rankings** indicate Nvidia Stock has a Momentum score in the 71st percentile and a Value score in the 6th percentile. **Read Also: Rocket Lab USA, Hims & Hers, AST SpaceMobile, Archer Aviation and Plug Power: 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 Courtesy: PJ McDonnell on Shutterstock.com_ ### Related Stocks - [NET.US](https://longbridge.com/en/quote/NET.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md) - [SNOW.US](https://longbridge.com/en/quote/SNOW.US.md) - [IRDM.US](https://longbridge.com/en/quote/IRDM.US.md) - [PLTD.US](https://longbridge.com/en/quote/PLTD.US.md) - [PTIR.US](https://longbridge.com/en/quote/PTIR.US.md) - [PLT.US](https://longbridge.com/en/quote/PLT.US.md) - [PLTW.US](https://longbridge.com/en/quote/PLTW.US.md) - [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md) - [ARKQ.US](https://longbridge.com/en/quote/ARKQ.US.md) - [NVD.US](https://longbridge.com/en/quote/NVD.US.md) - [SNOY.US](https://longbridge.com/en/quote/SNOY.US.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [NVDG.US](https://longbridge.com/en/quote/NVDG.US.md) - [PLTU.US](https://longbridge.com/en/quote/PLTU.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [SNOU.US](https://longbridge.com/en/quote/SNOU.US.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [PLTG.US](https://longbridge.com/en/quote/PLTG.US.md) - [PLTZ.US](https://longbridge.com/en/quote/PLTZ.US.md) - [NVDS.US](https://longbridge.com/en/quote/NVDS.US.md) - [NVDB.US](https://longbridge.com/en/quote/NVDB.US.md) - [NVDD.US](https://longbridge.com/en/quote/NVDD.US.md) - [NVDO.US](https://longbridge.com/en/quote/NVDO.US.md) - [NVDW.US](https://longbridge.com/en/quote/NVDW.US.md) - [NVYY.US](https://longbridge.com/en/quote/NVYY.US.md) - [NYYY.US](https://longbridge.com/en/quote/NYYY.US.md) - [NVDQ.US](https://longbridge.com/en/quote/NVDQ.US.md) - [DIPS.US](https://longbridge.com/en/quote/DIPS.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [PLOO.US](https://longbridge.com/en/quote/PLOO.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) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) - [07388.HK](https://longbridge.com/en/quote/07388.HK.md) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [09388.HK](https://longbridge.com/en/quote/09388.HK.md) - [ARKK.US](https://longbridge.com/en/quote/ARKK.US.md) - [ARKW.US](https://longbridge.com/en/quote/ARKW.US.md) - [ARKF.US](https://longbridge.com/en/quote/ARKF.US.md) - [ARKX.US](https://longbridge.com/en/quote/ARKX.US.md) - [RKLB.US](https://longbridge.com/en/quote/RKLB.US.md) - [HIMS.US](https://longbridge.com/en/quote/HIMS.US.md) - [ASTS.US](https://longbridge.com/en/quote/ASTS.US.md) - [ACHR.US](https://longbridge.com/en/quote/ACHR.US.md) - [PLUG.US](https://longbridge.com/en/quote/PLUG.US.md) - [SSTK.US](https://longbridge.com/en/quote/SSTK.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) - [ACHR+.US](https://longbridge.com/en/quote/ACHR+.US.md) - [PLUN.DE](https://longbridge.com/en/quote/PLUN.DE.md) ## Related News & Research - [Nvidia Will Report Q2 Earnings on August 26. 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