Cathie Wood's ARK Buys $53M Worth of Nvidia Stock

AMD -0.34% ARKK +3.28% AVGO +2.08% TSLA +2.20% PLTR +0.34% 9 more

1. 1Cathie Wood's ARK bought 243,707 shares of Nvidia (NVDA) on Friday for approximately $53 million.
2. 2The purchase came on a day when the stock fell 4.6% to close at $217.55, while ARK also sold 156,286 shares of AMD the same day.
3. 3Friday's dip opened a buying opportunity, consistent with a recent pattern of increasing Nvidia exposure while trimming AMD over the past several months.

Source Barrons.com +4 · View original ↗

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