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yesterday

Cathie Wood Trims $9.5 Million of AI Winners as Ark Innovation ETF Posts 8% YTD Gain

Investor confidence is rising after the ETF attracted $250 million in fresh capital, signaling renewed interest in Wood’s high-tech bets

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Overview

  • On June 11, Ark sold about 55,829 shares of Palantir Technologies and 12,728 shares of CoreWeave, locking in roughly $9.5 million in gains.
  • Palantir’s shares have climbed 81.7% in 2025, closing at a record $137.40 on June 13 after its U.S. Army contract ceiling was raised to $1.275 billion.
  • Since its March 28 IPO, CoreWeave stock is up over 277%, supported by a 420% year-over-year revenue increase to $981.6 million in Q1 2025.
  • Despite $2 billion in net outflows over the past year, the Ark Innovation ETF drew $250 million in fresh capital from June 7–12.
  • Wood is shifting her focus toward software platforms over hardware and infrastructure, reinforcing her conviction in AI-driven innovation.