ARK Bets Big on Cerebras After IPO Debut
ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW) bought 105,616 Cerebras Systems shares after its IPO debut, signaling renewed investor enthusiasm for AI chipmakers.
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Cathie Wood Reweights Bets: Archer Aviation Up, Palantir Down
Cathie Wood trimmed Palantir shares and bought Archer Aviation, signaling a shift from Palantir's AI software growth to Archer's early-stage eVTOL potential. Palantir has shown AI-driven growth via its AIP but faces valuation concerns and a mixed analyst view (Jefferies Underperform, consensus Neutral). Archer is progressing toward Midnight certification, expanding partnerships (Stellantis, United Airlines, Anduril) and leveraging a cash-rich balance sheet, with Dayal (HC Wainwright) naming it a Buy and a high 12-month target. Wood's trades include about $76.9 million sold of PLTR and roughly $11.6 million purchased of ACHR, underscoring her tilt toward disruptive AI and urban mobility while remaining wary of rich valuations.
Cathie Wood's ARKK Misses Out on Nvidia's Surge, Focuses on "Real" AI Play.
Cathie Wood defended her firm's decision to sell Nvidia shares before the chipmaker's stock surged 160%, citing the boom-bust cycle of the computer-chip industry as a risk. Wood's flagship ARK Innovation ETF cut its holding in Nvidia in January, missing out on most of the rally that added more than half a trillion dollars in market value. Nvidia faces growing competition in the battle to produce chips to power the computing infrastructure behind artificial intelligence programs, Wood said, citing companies like Tesla, Meta Platforms, and Alphabet that are developing their own chips.