Cathie Wood's Ark Invest Adjusts Portfolio: Boosts NVDA, AVGO as AMD Leads Sales
In its latest weekly recap, Cathie Wood's investment firm Ark Invest increased exposure to AI infrastructure and cloud computing while making significant purchases in Nvidia (NVDA) and Broadcom (AVGO). The firm also reduced positions in Advanced Micro Devices (AMD), Tempus AI (TEM), and Twist Bioscience (TWST). These moves reflect a strategic shift toward companies seen as key players in the artificial intelligence sector. The adjustments highlight Ark Invest's focus on firms with strong growth potential, particularly those supporting advancements in AI. The firm’s largest purchase was Nvidia, signaling confidence in its role within this space. Meanwhile, AMD saw notable sales activity from Ark, suggesting a reassessment of its position relative to other tech leaders.
Tickers: $AMD $ARKK $AVGO $NVDA $TEM $TWST
Topics: AI infrastructure Ark Invest biotechnology Cathie Wood cloud computing