Cathie Wood Increases Stakes in Meta and CoreWeave After Meta Moves to Sell Excess AI Compute

Overview

• Ark’s funds bought 34,080 Meta shares on Thursday, July 9, 2026, a trade worth roughly $22.8 million that came the same day Meta launched its Muse Spark 1.1 AI coding model.
• Meta announced on Friday, July 10, 2026, that it plans to sell excess AI computing capacity and its shares rose about 6% after the company disclosed the move.
• Cathie Wood continued to add CoreWeave stock through several recent trades, bringing ARK’s holding to about 1.6 million shares worth roughly $146 million and making CoreWeave a top-20 position in ARKK.
• CoreWeave reported Q1 2026 revenue of about $2.1 billion (up 114% year over year), a backlog near $100 billion, a net loss near $740 million, roughly $35 billion of debt, and raised full-year capex guidance to $31–$35 billion while targeting $12–$13 billion in revenue.
• Ark’s concentrated buys show a high-conviction bet on AI infrastructure despite ARKK’s five-year annualized return of -8.42% versus the S&P 500’s 11.63%, and Meta’s plan to monetize spare compute could pressure third-party cloud GPU providers such as CoreWeave and reshape customer pricing and contracts.