Cathie Wood’s ARK Invest Shifts Portfolio Toward AI and Crypto Stocks
Cathie Wood's ARK Invest made significant portfolio adjustments on November 25, increasing exposure to AI and crypto-related stocks while reducing positions in AMD and Palantir. The firm acquired $56.4 million worth of Alphabet (GOOGL) shares amid speculation about Meta's potential adoption of Google's custom TPU chips. Meta (META) shares also saw a $21.5 million inflow from ARK, rising 4% on the news.
The moves highlight institutional confidence in AI infrastructure plays and crypto-adjacent tech. Alphabet's valuation push toward $4 trillion reflects growing Optimism around its Gemini AI model. Meanwhile, the sell-off in AMD and Nvidia underscores market sensitivity to shifts in AI chip demand dynamics.