ARK Invest Adds 124,000 Alphabet Shares While Selling $72M of AMD
ARK Invest boosted its Alphabet holding by more than 124,000 shares across ARKG and ARKK, coinciding with a sale of roughly 208,000 AMD shares worth about $72 million. The firm also added 47,000 Meta Platforms shares and initiated positions in Intellia Therapeutics and CoreWeave, reflecting a shift toward AI-related names.
1. ARK Invest Boosts Alphabet Exposure
ARK Invest increased its Alphabet position by more than 124,000 shares across its ARKG and ARKK funds, reflecting growing confidence in the company’s AI and digital advertising businesses.
2. Semiconductor Stake Reduction
Simultaneously, the firm sold roughly 208,000 shares of Advanced Micro Devices, freeing up about $72 million in capital as part of a broader move away from semiconductor holdings.
3. Strategy Shift Toward AI Infrastructure
The funds also added 47,000 Meta Platforms shares and opened new stakes in Intellia Therapeutics and CoreWeave, underscoring a strategic pivot toward AI infrastructure and high-growth health-tech names.