Key facts
- ARK Invest bought 40,281 Tesla shares across four ETFs for approximately $12.38 million.
- ARK Invest acquired 105,108 SpaceX shares for around $12.24 million.
- ARK Invest purchased 78,965 NVIDIA shares valued at approximately $15.56 million.
- ARK Invest added 5,252 shares of the 3iQ Solana Staking ETF for about $32,667.
- The global selloff in AI stocks led to significant declines in technology and chipmaker shares.
Despite a global selloff in AI-related stocks that caused major equity markets to tumble, Cathie Wood's ARK Invest made substantial purchases totaling over $40 million in Tesla, SpaceX, and NVIDIA shares. The firm acquired 40,281 Tesla shares across four ETFs, costing approximately $12.38 million. Additionally, ARK Invest bought 105,108 SpaceX shares for around $12.24 million and 78,965 NVIDIA shares valued at approximately $15.56 million. ARK also increased its exposure to Solana by purchasing 5,252 shares of the 3iQ Solana Staking ETF for about $32,667.
The broader market faced renewed selling pressure, particularly in AI infrastructure and chipmaker stocks. South Korea's Kospi index dropped significantly, leading to a trading halt, with Samsung Electronics and SK Hynix shares falling over 13%. Japan's Nikkei 225 also closed down nearly 4%. In the U.S., NVIDIA experienced a 5% decline, and shares of Intel, AMD, Sandisk, Western Digital, and Seagate Technology each fell by more than 4% as investors reassessed AI spending and data center financing.