Key Takeaways
- Ark Investment Management acquired 34,080 Meta Platforms shares valued at $22.8 million on July 9, 2026
- Ark’s portfolio funds have accumulated more than 100,000 CoreWeave shares recently, creating a position worth approximately $146 million
- Meta shares surged 6% on July 10 following the company’s announcement to monetize surplus AI computing infrastructure
- CoreWeave shares have plummeted 23% from June 18, declining from $118 to approximately $90 per share
- ARKK’s five-year annualized performance stands at -8.42%, underperforming the S&P 500’s 11.63% gain during the identical timeframe
Cathie Wood, chief executive of Ark Investment Management, executed two significant portfolio adjustments this week ā expanding her Meta Platforms holdings while persistently accumulating shares in the embattled AI infrastructure provider CoreWeave.
Ark Invests $22.8 Million in Meta Platforms
On July 9, Ark’s investment vehicles acquired 34,080 shares of Meta Platforms at a session-ending price of $669.21, representing a total transaction value of approximately $22.8 million.
The transaction occurred during an upward trajectory for Meta shares. Throughout the five trading sessions preceding the purchase, Meta had appreciated 14.8%.
On July 10, Meta’s equity climbed an additional 6%, reaching its peak valuation since April. The advance followed Meta’s strategic disclosure that the company intends to monetize underutilized AI computing infrastructure ā potentially establishing an additional revenue channel.
Meta simultaneously unveiled Muse Spark 1.1 on July 9, an artificial intelligence coding platform positioned to rival offerings from Anthropic and OpenAI. BNP Paribas analyst Nick Jones characterized it as Meta’s inaugural monetized AI product, providing the technology giant with fresh revenue opportunities from its AI ecosystem.
Notwithstanding recent appreciation, Meta shares have advanced merely 1.4% year to date, trailing the Nasdaq Composite’s approximately 13% gain. Chief Executive Mark Zuckerberg conceded earlier this month that the deployment of the company’s AI agent technology has progressed more slowly than anticipated.
Meta forecasts capital expenditures reaching $145 billion for AI infrastructure investments in 2026. The company will release second-quarter financial results later this month. During Q1, Meta delivered earnings per share of $7.31 against revenue of $56.31 billion, exceeding analyst projections on both metrics.
Wells Fargo analyst Ken Gawrelski elevated his price objective on Meta to $767 from $765 on July 2, reaffirming an overweight recommendation.
Ark Continues CoreWeave Accumulation During Downturn
Simultaneously, Wood has maintained consistent purchases of CoreWeave shares, an AI cloud computing enterprise whose equity has declined 23% since June 18.
Ark’s primary exchange-traded fund currently maintains 1.6 million CoreWeave shares ā representing a position valued near $146 million, establishing it as the 17th-largest allocation within the $6.5 billion ARKK portfolio.
Wood acquired $811,600 worth of shares on July 8, subsequent to a $2 million acquisition on July 7 and a $6.5 million transaction on June 29.
CoreWeave generated revenue of $2.1 billion during Q1 2026, representing 114% year-over-year expansion. Its contractual backlog approached nearly $100 billion. However, the enterprise recorded a net loss of $740 million and maintains approximately $35 billion in outstanding debt obligations.
Capital expenditure projections for the complete fiscal year were revised upward to $31ā$35 billion. The company projects $12ā$13 billion in annual revenue.
A portion of the stock’s recent depreciation followed reports that Meta ā CoreWeave’s primary customer ā is pursuing opportunities to commercialize its own surplus computing capacity, potentially establishing direct competition with CoreWeave. The equity declined 14% on that disclosure alone. Wood executed share purchases following the announcement.
ARKK has advanced 3.05% year to date, while the S&P 500 has gained 10.66% as of July 10.
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