This article first appeared on GuruFocus.
Cathie Wood’s ARK Invest added shares of Alphabet (NASDAQ:GOOGL), Robinhood Markets (NASDAQ:HOOD), and CoreWeave (NASDAQ:CRWV) on Feb. 2.
The purchases suggest continued focus on artificial intelligence and cloud computing themes. ARK’s funds often add to positions during market pullbacks tied to growth stocks.
Robinhood was the largest buy of the day. ARK purchased about 363,000 shares, valued near $36 million. The stock slid about 10% as cryptocurrency prices weakened and trading activity appeared softer. Bitcoin briefly fell toward a multi-month low, pressuring crypto-linked platforms. Robinhood generates a meaningful share of revenue from digital-asset trading.
ARK also increased its stake in CoreWeave, buying roughly 164,000 shares worth about $15 million. The stock edged down about 5% as investors showed caution toward high-valuation AI infrastructure firms facing heavy spending and profit uncertainty.
Alphabet was another addition. ARK bought nearly 38,000 shares valued around $13 million ahead of the company’s quarterly earnings release expected later this week. Analysts forecast double-digit revenue growth, supported by advertising demand and Google Cloud expansion.
