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last mo.

ARK Invest Shifts Focus with Major AI Bets and Tech Divestments

Cathie Wood's ARK Invest increases stakes in Tempus AI and GitLab while reducing positions in Meta Platforms and UiPath to align with evolving market strategies.

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Overview

  • ARK Invest purchased 171,176 shares of Tempus AI for approximately $8.54 million, emphasizing confidence in AI-driven healthcare innovation.
  • The firm acquired 46,205 shares of GitLab for $2.4 million, reflecting support for AI-integrated DevOps solutions in software development.
  • ARK sold 12,595 Meta Platforms shares valued at $7.62 million, citing challenges with privacy concerns and global expansion efforts.
  • Over 509,799 shares of UiPath were sold for $5.49 million, signaling a pivot away from automation-focused investments.
  • Meta Platforms announced plans to allocate $65 billion toward AI development in 2025, but ARK's reduced exposure suggests skepticism about near-term returns.