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 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 is projected to have revenue between $91.71 billion and $91.91 billion for Q2 fiscal 2027.
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. 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 and 273,343 shares of Circle through its ETFs, including ARKK, ARKQ, ARKW, ARKF, and ARKX. SpaceX is now ARKK's fifth-largest holding at 4.73% of the portfolio, and Circle ranks eighth at 3.90%. These transactions coincide with the ongoing second-quarter earnings season. SpaceX reported second-quarter revenue of $7.8 billion and a 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, the third-largest acquisition, 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, with expected revenue between $91.71 billion and $91.91 billion, signaling continued strong demand for AI infrastructure.