Ark Invest Sells $26M Nvidia Stake as AI Startup Reflection Eyes $2.5B Raise
Ark Invest trimmed its Nvidia holdings by more than $26 million in a broader $92.5 million tech sell-off that also cut positions in Meta, AMD and Alphabet, after Nvidia shares dipped around 5% over the past month. Nvidia’s AI ecosystem saw expansion as Reflection, backed by Nvidia’s Nemotron Coalition, enters talks for a $2.5 billion raise at a $25 billion valuation.
1. Ark Invest Trims Nvidia Stake
Ark Invest reduced its Nvidia stake by more than $26 million on Thursday, part of a $92.5 million sell-off that also included Meta, AMD, Alphabet and crypto positions. Nvidia shares have declined about 5% over the last month as geopolitical tensions around Iran and a class action lawsuit over crypto mining disclosures weigh on investor sentiment.
2. Nvidia-Backed Reflection Seeks $2.5B Raise
Reflection, a Brooklyn-based AI startup founded by former DeepMind researchers, is in talks to secure $2.5 billion at a $25 billion valuation, highlighting Nvidia’s ecosystem growth. The company, part of Nvidia’s Nemotron Coalition, previously raised $2 billion from investors including Nvidia and is now developing a Korean-language model for Shinsegae Group.