Overview
- Ark’s daily trade reports show purchases of 134,439 Alphabet class C shares on Feb. 2, 3, 5, and 6, totaling about $43.4 million.
- The buying surrounded Alphabet’s Feb. 4 results, which beat expectations as the company projected 2026 capital spending of $175 billion to $185 billion to expand AI infrastructure.
- Wood also bought Advanced Micro Devices on Feb. 4 after a 17% drop, adding it to five Ark funds, with AMD representing roughly 3.9% of ARKK per Yahoo Finance.
- As of Feb. 6, the Ark Innovation ETF was down 9.58% year to date and posted a five-year annualized return of -13.83%, with roughly $1.3 billion in net outflows over the past 12 months, according to VettaFi and Morningstar.
- Bank of America reaffirmed a buy rating on Alphabet with a $370 price target following the earnings, while Wood has argued in a Jan. 15 letter that an AI-driven capital spending cycle remains in its early stages.