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ARK Invest Tilts Toward AI With CoreWeave Buy and First Direct OpenAI Stake

The shift shows conviction in AI infrastructure despite recent fund losses.

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In the 12 months through April 2, the Ark Innovation ETF saw roughly $1.2 billion in net outflows.

Overview

  • ARK Invest, which bought 83,764 CoreWeave shares across March 30 to April 1, put about $6.9 million into the Nvidia‑partnered AI cloud provider as it posted 110% fourth‑quarter revenue growth but guided first‑quarter sales below forecasts.
  • ARK took its first direct cap‑table position in OpenAI, acquiring 348,995 units across ARKF, ARKK, and ARKW through a Series C allocation.
  • The firm added exposure to autonomous logistics, advanced energy, and genomics by buying Kodiak AI, Oklo, DoorDash, Arcturus Therapeutics, and GeneDx.
  • ARK rebalanced by exiting 745,000 Strata Critical Medical shares and trimming positions in Teradyne, Pinterest, Veracyte, Discovery, and LY Corp.
  • ARKK is down about 12% this year with roughly $1.2 billion in 12‑month outflows, while Wood touts a coming AI‑driven “great acceleration” and Bank of America upgraded CoreWeave to buy with a $100 target.