TLDR
- ARK Invest acquired 174,293 Alphabet shares valued at $55.8 million and 33,837 Meta shares worth $21.4 million
- The fund purchased $3.8 million in Coinbase stock and $7 million in Circle shares
- ARK divested $38.6 million in AMD stock and $59 million in Palantir holdings
- Cathie Wood dismissed AI bubble concerns at recent industry conference
- Google parent company Alphabet has surged 70% year-over-year approaching $4 trillion valuation
Cathie Wood’s investment firm ARK Invest executed major portfolio adjustments with substantial purchases of leading technology companies. The fund acquired 174,293 shares of Alphabet distributed across four different ARK funds in recent trading activity.
The Alphabet acquisition represented approximately $55.8 million based on the stock’s $320.50 closing price. The purchase timing aligns with Alphabet nearing a historic $4 trillion market capitalization milestone.
Alphabet has delivered 70% returns over the trailing 12-month period. The performance stems from advances in artificial intelligence technology and expanding cloud infrastructure revenue.
ARK simultaneously increased its Meta Platforms stake by acquiring 33,837 shares through three funds. The transaction totaled around $21.4 million with Meta trading at $633.76 per share.
Wood’s firm also added $29.4 million in CoreWeave holdings during the trading window. ARK publicly discloses all portfolio transactions through daily trading reports shared on social platforms.
ARK Exits Chip Stock Positions
ARK reduced semiconductor exposure while building positions in internet platforms. The fund liquidated $38.6 million in Advanced Micro Devices shares and removed $59 million in Palantir Technologies stock.
The AMD divestment occurred as reports emerged about Google entering negotiations to supply AI processors to Meta. This development triggered selling pressure across semiconductor manufacturers as investors reassessed competitive positioning.
The Palantir sale represents profit realization following extended gains. The data analytics company experienced substantial appreciation driven by government contracts and corporate artificial intelligence implementations.
Cryptocurrency Holdings Expand
ARK increased digital asset exposure amid market turbulence. The fund acquired $3.8 million in Coinbase Global shares and $7 million in Circle equity.
These cryptocurrency-linked investments suggest Wood anticipates recovering transaction volumes in digital currencies. The purchases occurred during a broader correction phase across cryptocurrency markets.
Wood Rejects Bubble Narrative
Cathie Wood confronted valuation concerns during a conference appearance in Saudi Arabia. She declared: “I don’t believe AI is in a bubble.”
Wood emphasized that corporate artificial intelligence adoption requires extended implementation periods. She highlighted that major enterprises need substantial preparation before deploying transformative AI systems.
The portfolio repositioning reveals ARK’s methodology of focusing capital on market-leading companies. The strategy prioritizes businesses with established user networks, exclusive data resources, and core artificial intelligence capabilities.
ARK trimmed positions where market valuations potentially exceeded business trajectory. The adjustments indicate active portfolio management responding to competitive shifts and pricing metrics.
Recent trading patterns show ARK maintaining conviction in selected technology leaders while capturing gains on appreciated holdings. Alphabet and Meta represent Wood’s preferred vehicles for artificial intelligence infrastructure and data commercialization exposure.
The investment moves demonstrate ARK’s rotation toward companies with proven distribution channels. Wood appears to favor platforms with direct consumer relationships over pure technology suppliers in the current market environment.
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