Cathie Wood’s ARK Invest adds another $57M to SpaceX, sells $39M stake in AMD

ARK Invest’s latest weekly trading activity highlights continued accumulation in SpaceX-related exposure, with a reported $56.9M purchase making it the firm’s largest buy of the July 13-17 period. The article frames this as part of a broader portfolio shift toward space exploration, nuclear energy, digital assets, AI infrastructure, and next-generation healthcare. At the same time, ARK trimmed semiconductor exposure, including a $39M sale of AMD, signaling a rotation away from some tech winners and into longer-duration innovation themes. The piece is more about portfolio positioning than a direct market catalyst, but it may influence sentiment around private space and innovation-linked names while pressuring some semiconductor stocks if investors view ARK’s moves as a signal. Overall, the takeaway is that Cathie Wood is leaning into higher-conviction disruptive-growth areas while reducing exposure in areas she sees as comparatively less attractive.