Overview
- The trades, recorded on August 28, show ARK sold about 156,286 AMD shares worth roughly $74.5 million and bought 243,707 Nvidia shares for about $53 million plus 55,131 Broadcom shares valued near $20.5 million.
- Nvidia reported a blowout fiscal second quarter with $96.2 billion in revenue, beat earnings estimates, and guided to about $108 billion for the next quarter and roughly 70% revenue growth for fiscal 2028.
- Several Wall Street firms raised or kept high price targets for Nvidia after the results, with JPMorgan lifting its target to $320 and Bank of America maintaining a $350 target.
- Cathie Wood’s move follows her stated pattern of buying post-earnings pullbacks and reflects ARK’s broader AI-centered thesis that AI adoption will help sustain corporate profits.
- The repositioning narrows ARK’s AMD exposure while increasing concentration in Nvidia and Broadcom, a choice that investors may watch closely given ARKK’s multi-year underperformance and about $2.09 billion of net outflows over the past 12 months.