Cathie Wood Just Bet $26 Million on SpaceX Days Before Earnings
GuruFocus·- Ark Invest allocated approximately $26 million to acquire over 358,000 shares of SpaceX in late July ahead of its first public earnings report. - The firm simultaneously expanded its portfolio in technology and AI sectors by investing $15.5 million in CoreWeave, $14.3 million in Tesla, and $8.2 million each in Taiwan Semiconductor and Nvidia. - Concurrently, Ark reduced its holdings in companies such as Shopify, Snowflake, and Robinhood while trimming positions in several other major tech stocks.The co-founder of Stocktwits dumped chip stocks before a 20% slide. Where he's putting his money now.
MarketWatch·- Howard Lindzon, co-founder of Stocktwits, has expressed caution regarding AI investments, highlighting risks in the semiconductor market. - After selling a significant portion of his chip stocks, he noted a 20% decline in the PHLX Semiconductor Index, citing overvaluation and a surge in speculative investments. - Lindzon advocates for direct indexing while favoring established tech firms like Apple and Google's parent, Alphabet, as key players in the AI sector despite market volatility.Cathie Wood's Ark Bets Big on Mark Zuckerberg, Elon Musk as It Loads Up on Meta and SpaceX — Trims AMD and Robinhood
benzinga_article·- On Monday, Ark Invest executed significant trades involving various technology companies, including Meta, SpaceX, and Archer Aviation, reflecting its strategy focused on innovation. - Notable actions included a purchase of Meta shares valued at $18.2 million, increased stake in SpaceX for $20.5 million, and acquisitions in Archer Aviation worth approximately $644,103. - Ark also reduced its holdings in AMD and Robinhood, aligning with market trends and overall confidence in AI and tech infrastructure potential.Cathie Wood Loads Up on SpaceX, Meta, Eli Lilly and Circle Group
GuruFocus·- ARK Invest increased its positions in various technology, healthcare, and digital asset companies during the week ending July 10, with Space Exploration Technologies as the largest purchase at $52.1 million. - The firm also added shares of Eli Lilly, Meta Platforms, X-Energy, Coinbase Global, and Circle Internet Group, indicating a focus on artificial intelligence, healthcare, and cryptocurrency sectors. - Conversely, ARK reduced its holdings in Advanced Micro Devices, Roku, Robinhood Markets, Deere, Iridium Communications, and several genomics companies as part of its portfolio rebalancing ahead of the second-quarter earnings season.Cathie Wood’s ARK adds $43.5M in crypto stocks amid market dip
Cointelegraph·- Tech-focused asset manager ARK Invest has invested $43.5 million in crypto firms like Coinbase and Circle amid a market downturn. - The firm bought significant shares in various companies, including 122,544 in Coinbase and 169,777 in Circle, despite declining stock prices in the sector. - ARK's investments demonstrate confidence in crypto-related assets, even as investor sentiment turns bearish, and the firm has also adjusted positions in other tech stocks.