Key facts
- ARK Invest CEO Cathie Wood acquired over $54.6 million in SpaceX, Nvidia, and Circle.
- The purchases were distributed across ARK's ETFs: ARKK, ARKQ, ARKW, ARKF, and ARKX.
- SpaceX reported a Q2 revenue of $7.8 billion and a net loss of $541 million.
- Circle's Q2 revenue was $701 million, with earnings per share and net income exceeding estimates.
- Nvidia's Q2 fiscal 2027 earnings are anticipated on Aug. 26, with projected robust revenue.
ARK Invest CEO Cathie Wood significantly increased her firm's holdings in SpaceX, Nvidia, and Circle, acquiring over $54.6 million in shares across various exchange-traded funds on August 5. The purchases occurred against a backdrop of mixed financial results and upcoming earnings reports for these companies.
Wood's investment firm bought 181,830 shares of SpaceX, 80,415 shares of Nvidia, and 273,343 shares of Circle through its ETFs, including ARKK, ARKQ, ARKW, ARKF, and ARKX. The largest single acquisition was for SpaceX, valued at approximately $19.69 million, despite the stock closing down 13.61% on the day. The investment in Circle, worth about $17.30 million, saw the stock end nearly flat. Nvidia, the third-largest acquisition, saw ARK buy $17.63 million worth of shares, with the chipmaker's stock closing up 3.43%.
These transactions coincide with the ongoing second-quarter earnings season. SpaceX reported second-quarter revenue of $7.8 billion, a substantial increase from the previous year, and a reduced net loss of $541 million, which was less than analysts had anticipated. Circle's quarterly revenue of $701 million fell slightly short of Wall Street estimates, but the stablecoin issuer surpassed expectations for earnings per share at $0.18 and net income of $48 million.
Nvidia is currently being closely watched ahead of its second-quarter fiscal 2027 earnings, scheduled for August 26. The company is projected to exceed the consensus earnings mark of $2.08 per share, with expected revenue between $91.71 billion and $91.91 billion, signaling continued strong demand for AI infrastructure.