Cathie Wood loads up SpaceX, AI infra names, continues trimming Roblox, Palantir

The article says Cathie Wood’s Ark Invest continued increasing exposure to space, AI infrastructure, and crypto-related technologies in early August. The main buying themes were SpaceX, Circle Internet Group, Coinbase, and AI/cloud infrastructure names. At the same time, Ark reduced exposure to software, industrial, and healthcare holdings, with notable trimming in Roblox, Shopify, and Palantir. Ark also added to AI hardware and infrastructure positions such as NVIDIA, while making smaller cuts to some semiconductor and biotech names including Advanced Micro Devices and Snowflake. Overall, the piece highlights a continued rotation within Ark portfolios toward higher-growth, capital-intensive innovation themes and away from some prior speculative favorites.