Cathie Wood’s ARK is buying NVIDIA again; should you pay attention?

ARK Invest bought 78,965 NVIDIA shares worth about $15.5 million on July 28, 2026, signaling continued conviction in the AI infrastructure theme after NVDA fell about 5% on balance-sheet concerns tied to massive AI spending announcements. The article argues ARK is treating the pullback as a buy-the-dip opportunity rather than a demand warning. NVIDIA closed at $197.01, around 16.7% below its 52-week high and down 7.1% for the week, while BofA’s $350 target implies substantial upside. The next catalyst is NVIDIA’s Aug. 26 earnings report, with consensus revenue near $91.8 billion and EPS of $2.08. The piece highlights supportive fundamentals, including Vera Rubin chips entering full production and a $1.5 billion Amkor packaging deal, while noting China export controls remain a key risk. Overall, the market takeaway is bullish for NVIDIA, with ARK’s purchase reinforcing the view that recent weakness is temporary and driven more by sentiment than deteriorating fundamentals.