ARK Invest Extends Rotation From Chip Stocks to AI, Defense and Healthcare

Overview

• ARK Invest’s latest trade disclosure shows fresh semiconductor sales, including $16.3 million of AMD, about $12.1 million of TSMC, and roughly $14.7 million of Teradyne.
• New purchases shifted toward defense, e-commerce and air taxis, led by $3.18 million in L3Harris and additions to Amazon, Archer Aviation and Joby Aviation.
• The pivot builds on last week’s rebalancing, when ARK sold 100,549 TSMC shares worth about $40.6 million and trimmed AMD and Teradyne while buying around 255,000 Cerebras Systems shares and more than 162,000 Tempus AI shares.
• Investor interest has stayed strong, with about $1.48 billion in net inflows to ARKK over the five days through May 14, according to VettaFi.
• TSMC reported revenue up 35.1% and net income up 58.3% in the first quarter and raised its 2030 global chip market outlook to $1.5 trillion, highlighting robust AI demand even as ARK trims the stock.