Key facts
- ARK Invest bought approximately 300,000 Nvidia shares for $63 million on June 1, 2026.
- ARK Invest sold approximately 110,000 AMD shares for $56 million on the same day.
- Nvidia's stock increased by about 6% after unveiling new AI PC processors at Computex.
- AMD's stock fell as much as 5.5% due to concerns about Nvidia entering its market.
- Analyst Ivan Feinseth raised his Nvidia price target to $425, implying 92% upside.
Cathie Wood's ARK Invest is known for its active management style, often making significant portfolio adjustments based on its investment theses in disruptive innovation. These trades provide insights into the fund's current convictions and rebalancing strategies across its various ETFs. The recent trades suggest a shift in Wood's stance on Nvidia, having previously been a critic of its valuation.