Overview

• Ark Invest has added to its positions in Nvidia, AMD, and Baidu, reflecting confidence in AI and semiconductor sectors during market volatility.
• The ARK Innovation ETF (ARKK) is down 19.9% year-to-date as of April 22, underperforming the S&P 500 and Nasdaq indices.
• Recent purchases follow U.S. tariff announcements and export restrictions on AI chips to China, which have created significant market turbulence.
• Nvidia and AMD face substantial projected losses—$5.5 billion and $800 million respectively—due to new U.S. chip export curbs targeting China.
• Chinese tech firms are stockpiling Nvidia’s H20 AI chips in anticipation of stricter U.S. sanctions, further influencing market dynamics.