ARK Invest purchased approximately $26.6 million worth of Nvidia (NVDA) shares on August 10. This acquisition followed a 2.8% decline in the stock's price. The firm distributed the investment across five ETFs, including the flagship ARK Innovation ETF (ARKK).
Nvidia recently announced major financing partnerships to expand global AI infrastructure. ARK also increased its holdings in Cloudflare (NET) and Broadcom (AVGO) to strengthen its AI portfolio.
The firm reduced its positions in Palantir (PLTR) and Shopify (SHOP) to reallocate capital. ARK completely exited its stake in 10x Genomics (TXG). These trades reflect a strategic shift toward high-conviction AI opportunities.
The ARKK ETF traded flat in the pre-market on August 11. Separately, ARK defended its bull case for SpaceX following recent share price volatility.