ARK Invest, Cathie Wood’s investment firm, bought Nvidia, SpaceX, Advanced Micro Devices (AMD) and Alphabet on Thursday as technology stocks broadly fell, while selling shares of Broadcom and cloud-computing company CoreWeave. Based on intraday prices, the day’s purchases and sales totaled about $437 million, reflecting portfolio adjustments during a sector sell-off.
Estimated purchases of at least $209.2 million
ARK’s disclosed trade records show purchases across several technology companies. Valued at the day’s intraday lows, the buys amounted to at least about $209.2 million. Sales, valued at intraday highs, reached as much as about $227.8 million. These estimates use different price points and are not a tally of actual execution prices.
The purchases included Nvidia, SpaceX, AMD and Alphabet, spanning AI chips, aerospace and large internet platforms. ARK added to some of these positions as investors weighed concerns about technology spending and valuations.
Broadcom and CoreWeave among the sales
Alongside its purchases, ARK made sizable sales of Broadcom and CoreWeave. The available trade information does not specify the number of shares or execution prices for each transaction, so the precise change in the firm’s holdings cannot be determined.
The trades came as a technology sell-off widened and AI-related stocks came under pressure. One market concern is that heavy corporate investment in AI may not generate sufficient returns. ARK’s activity combined buying in some technology names with reductions in others, rather than a uniform shift across the sector.
Trade totals are based on intraday estimates
The roughly $437 million figure estimates the value of Thursday’s stock trades, using intraday lows for purchases and intraday highs for sales. Those prices may differ from the actual execution levels, so the figure indicates the approximate scale of activity, not precise cash flows or a final settlement amount.
The disclosed information also does not include specific share quantities or changes in each stock’s weighting in ARK’s portfolios.