This article first appeared on GuruFocus.
Cathie Wood’s Ark Invest scooped up 174,293 shares of Alphabet (NASDAQ:GOOG) on Tuesday, boosting its stake as the search giant’s market value creeps toward $4 trillion.
Most of the buying landed in the flagship ARK Innovation ETF (ARKK), which added 113,276 shares. ARK Autonomous Technology & Robotics ETF (ARKQ) bought 23,000, ARK Next Generation Internet ETF (ARKW) added 31,422, and ARK Space & Defense Innovation ETF (ARKX) picked up 6,595.
At Alphabet’s $323.64 close, the purchases were worth roughly $56.4 million. The moves come amid reports that Meta (NASDAQ:META) may lean on Google’s AI chips and renewed interest in Alphabet’s Gemini model.
Ark also added 33,837 shares of Meta. That chip chatter rattled semiconductor names: AMD (NASDAQ:AMD) slid about 4% on fears Meta might shift away from GPUs. Ark trimmed its AMD position, selling 106,651 shares.
Investors should know this as Ark doubling down on AI infrastructure winners. It’s a bet on chip and cloud dynamics, not a guaranteed win, so expect the trade to stay watchlist-worthy.
