Cathie Wood’s Ark Invest Makes Strategic Moves in Tech and AI Sectors

Cathie Wood's Ark Invest significantly increased its stake in Alphabet, purchasing 174,000 shares valued at approximately $56.4 million. The move coincided with Alphabet's valuation nearing $4 trillion, fueled by speculation that Meta might adopt Google's AI chips and Optimism surrounding Google's Gemini AI model. Despite Alphabet's surge, broader AI-related ETFs dipped as Nvidia lost ground.

Ark Invest also acquired 33,837 shares of Meta worth $21.5 million, even as U.S. senators called for an investigation into the company's alleged ties to fraudulent ads. The Meta-Google rumors triggered a sell-off in Advanced Micro Devices (AMD), with Ark dumping 106,651 AMD shares worth $21.98 million.

The investment firm's trades spanned crypto, fintech, semiconductors, and AI infrastructure, but Alphabet dominated as the largest position. Market reactions highlight the growing influence of AI developments on tech valuations and investor sentiment.