Cathie Wood Makes Massive Google Stock Purchase Amid AI Chip Shakeup — Ark Loads Up On Meta, Sells Palantir And AMD Shares - Alphabet (NASDAQ:GOOG)
Benzinga·2025-11-26 03:47

Core Investment Moves - Ark Invest executed significant trades across multiple ETFs, focusing on technology and cryptocurrency-related companies [1] - The total investment in Meta Platforms amounted to approximately $21.5 million, with 33,837 shares purchased [2] - Ark Invest acquired 174,293 shares of Alphabet Inc., totaling around $56.4 million [4] - A purchase of 396,198 shares of CoreWeave Inc. was made, valued at approximately $28.2 million [6] - Ark sold 106,651 shares of Advanced Micro Devices Inc., valued at about $21.98 million [7] - The sale of 354,955 shares of Palantir Technologies was valued at approximately $58.05 million [8] - Ark purchased 212,538 shares of Block Inc., valued at around $13.5 million [11] - The ARKF and ARKW funds acquired 96,200 shares of ARK 21Shares Bitcoin ETF, valued at approximately $2.8 million [12] - The ARKK fund purchased 108,450 shares of Circle Internet Group Inc., valued at approximately $7.60 million [14] Market Reactions and Trends - Meta's stock rose by 3.78% amid speculation of a collaboration with Google on AI chips, despite ongoing investigations into fraudulent ads [3] - Alphabet's shares increased as the company approached a $4 trillion valuation, driven by AI developments [5] - CoreWeave's stock declined by 3.14% due to concerns over reliance on Nvidia GPUs [6] - AMD's shares fell by 4.15% influenced by reports of Meta's potential shift to Google's AI chips [7] - Palantir's stock rebounded due to strong third-quarter results and positive guidance, despite insider selling concerns [9] - Block's stock was bolstered by positive guidance from its recent Investor Day event [11] - Bitcoin prices have collapsed over 23% in the last 30 days, impacting Ark's investment strategy in digital assets [13] - Circle reported significant revenue growth, with a 202% increase in net income year-over-year [15]