Market News / Story
Cathie Wood Shifts Millions Into a Fast-Growing AI Play
GuruFocus ·
GuruFocus reports: Cathie Wood's ARK Invest is leaning further into AI infrastructure, buying roughly $8.5 million of CoreWeave while selling about $7.2 million of Robinhood Markets . The pair of trades highlights a notable portfolio rotation toward one of the market's fastest-growing AI cloud names, though ARK's Robinhood sale should not automatically be read as a bearish reversal on the trading platform. ARK bought 97,639 CoreWeave shares through the ARK Innovation ETF and ARK Next…