Ark Invest, headed by Cathie Wood, recently made significant trades, including the purchase of Shopify Inc and Advanced Micro Devices Inc shares.
In a bold move, Ark Invest’s ETFs, such as Ark Fintech Innovation ETF, acquired 34,060 shares of Shopify worth around $2 million. Despite a recent loss reported by Shopify, Ark Invest saw potential in the e-commerce platform company and made a substantial investment.
Additionally, Ark Invest’s ARK Autonomous Technology & Robotics ETF purchased 10,459 shares of Advanced Micro Devices Inc, valued at approximately $1.74 million. While AMD had a less impressive performance compared to Nvidia Corporation, Microsoft Corp’s plan to introduce AMD’s AI chips to its cloud computing customers could be a game-changer.
Ark Invest also made other key trades, including selling shares of Global-E Online Ltd and Robinhood Markets Inc, as well as buying shares of CRISPR Therapeutics AG.
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