ARK Invest Boosts Alphabet Position by 124,000 Shares, Dumps $72M AMD
ARK Invest increased its Alphabet stake by 124,000 shares and bought 47,000 Meta Platforms shares while deploying over $43M into Intellia Therapeutics. It also sold 208,000 AMD shares worth about $72M and reduced crypto ETF holdings, signaling a shift toward AI infrastructure and digital advertising stocks.
1. ARK’s Alphabet and Meta Investments
ARK Invest added more than 124,000 shares of Alphabet across ARKG, ARKK and other funds, reflecting confidence in digital advertising revenue and AI ventures. The firm also acquired approximately 47,000 shares of Meta Platforms, underscoring a bet on social media monetization and metaverse potential.
2. Reducing Semiconductor and Crypto Exposure
The funds sold a combined 208,000 shares of AMD, liquidating roughly $72 million of semiconductor holdings to rebalance risk. ARK also trimmed its bitcoin exchange-traded fund position, continuing a trend of cutting exposure to more volatile asset classes.
3. Pivot Toward AI Infrastructure
Proceeds from those sales were redirected to AI-linked growth stocks, including a new $43 million position in Intellia Therapeutics and initial purchases of CoreWeave shares. These moves highlight a strategic focus on companies positioned to benefit from next-generation computing and cloud services.