This article first appeared on GuruFocus.
Alphabet (NASDAQ:GOOGL) got a fresh vote of confidence from Cathie Wood’s ARK Invest, which bought 267,582 shares across 4 ETFs on June 3.
The purchases were spread across ARKK, ARKQ, ARKW and ARKX, making Alphabet ARK’s biggest buy of the day. The move adds to a busy stretch for Alphabet, which recently secured a $10 billion investment deal with Berkshire Hathaway. That kind of backing matters as investors keep focusing on Alphabet’s AI, cloud and digital advertising businesses.
ARK’s buying also comes as Alphabet prepares for a much heavier spending cycle. On its Q1 earnings call, the company said 2026 capex is expected to reach $180 billion to $190 billion, with 2027 spending expected to rise significantly from that level. For ARK, that spending appears to support the long term AI growth case rather than weaken it.
Separately, ARK added 30,273 Alibaba (NYSE:BABA) shares and 5,608 Meta (NASDAQ:META) shares in ARKK, while selling 74,838 AMD (NASDAQ:AMD) shares. Investors will now watch whether ARK keeps rotating deeper into mega cap AI names.
