Cathie Wood Loads Up $11 Million More of This Controversial Tech Stock

Cathie Wood’s ARK Invest disclosed a fresh $11.15 million buy of Palantir (PLTR) — 85,485 shares acquired across multiple ARK ETFs on April 11 — pushing Palantir to roughly a 17% weight in her disruptive-tech portfolio. The move signals high-conviction institutional buying that could buoy sentiment and trigger further inflows, even as valuation concerns persist: PLTR trades near 100x forward 2026 earnings amid strong growth metrics. Palantir reported $4.47 billion revenue in 2025 (up 56% YoY), expects ~61% revenue growth in 2026, and saw U.S. commercial revenue jump 137% YoY. Analysts are generally positive (average target $198.30), but the stock remains volatile and contested between bullish defenders and high-profile skeptics.