Overview
- ARK Invest spent the past week unloading large-cap tech across its daily-disclosing ETFs, selling more than 213,000 Nvidia shares and over 90,000 Meta shares.
- The firm reduced semiconductor exposure with sales that included about 57,000 AMD shares, more than 18,000 TSMC shares, and a smaller Broadcom trim.
- Cuts extended to other holdings as ARK trimmed Tesla after the company lowered its delivery target and reduced positions in Alphabet, Netflix, Spotify, Pinterest, Roku, and Teradyne.
- Buying was limited and targeted, led by over 161,000 Circle Internet Group shares worth roughly $16–17 million, 41,830 CoreWeave shares at about $3.1 million, and additions to Tempus AI, 10x Genomics, and Arcturus Therapeutics.
- Reports tie the rotation to concerns about rich AI-driven prices, court rulings that add regulatory risk for Meta’s social platforms, and warnings that surging AI demand is straining chip supply at foundries like TSMC.