Cathie Wood's Ark bets on Google, Meta and CoreWeave; cuts AMD and Bitcoin ETF

ARK Invest, led by Cathie Wood, rotated its portfolio toward high-conviction growth themes — boosting positions in genomics (Intellia), AI infrastructure (CoreWeave) and big-tech (increasing exposure to Alphabet/Google and Meta) — while trimming stakes in semiconductors, crypto-related names and synthetic biology. The fund also added defense exposure (e.g., Kratos) amid geopolitical uncertainty tied to the Iran war. The moves signal ARK’s preference for AI, fintech and consumer internet winners and reduce weight in cyclical/crypto-sensitive holdings, potentially supporting shares of names it increased (notably GOOG.OQ) and pressuring those it trimmed (e.g., AMD.OQ and crypto-linked vehicles).