Cathie Wood’s Ark Invest made significant trades on Tuesday, focusing on Taiwan Semiconductor Manufacturing Co Ltd (TSM) and Advanced Micro Devices Inc (AMD).
In the TSM trade, the ARK Next Generation Internet ETF acquired 3,316 shares of TSM, valued at $595,852. TSMC plans to increase prices for its 3nm wafers and advanced packaging, with major clients like Apple and Nvidia reserving production capacity until 2026.
Ark Invest also purchased 3,710 shares of AMD through ARKW, worth $573,677. This trade coincided with AMD addressing a cybercriminal organization claiming to have stolen AMD data.
Other key trades included ARKG buying shares of Tempus AI Inc and selling shares of Nurix Therapeutics Inc, ARKK buying shares of PagerDuty Inc, ARKQ selling shares of Velo3D Inc, and ARKX selling shares of Iridium Communications Inc.
Overall, Ark Invest’s moves reflect a strategic focus on tech companies and emerging trends in the market.