Cathie Wood's Ark Invest Adds AMD and Nvidia During Portfolio Reshuffle

Cathie Wood's Ark Invest expanded positions in Advanced Micro Devices and Nvidia across its exchange-traded funds last week following sharp drawdowns. Across its actively managed ETFs, Ark registered $346.2 million in gross purchases against $305.8 million in gross sales. Ark capitalized on market declines where AMD dropped 17% in a single day and Nvidia fell 9%. The semiconductor additions came alongside a $96.0 million investment in SpaceX, Ark's largest purchase of the week. Ark financed its rebalancing primarily through divesting $122.2 million worth of Broadcom shares alongside reductions in Teradyne, CoreWeave, and select healthcare holdings.