ARK Invest buys Nvidia, Broadcom stock dips, sells Deere

ARK Invest disclosed a fresh rotation into AI chip names, buying Nvidia and Broadcom while trimming Deere. Cathie Wood purchased 122,422 Nvidia shares worth about $26.6 million across five ETFs and added 39,020 Broadcom shares worth roughly $16.5 million. The moves came as Nvidia fell 2.86% and Broadcom slipped 1.25% on the day, with investors wary of Nvidia’s reported role in arranging more than $500 billion in financing for AI infrastructure projects. ARK simultaneously sold about $36.8 million of Deere, extending recent stake reductions, and also bought Cloudflare and Teradyne while selling Shopify and Snowflake. The activity underscores continued institutional interest in AI leaders despite short-term share weakness, while signaling reduced conviction in Deere. Wall Street remains broadly bullish on Nvidia and Broadcom.