Ark doubles down on SpaceX, trims AMD

Ark’s latest “buy the dip” moment

Cathie Wood’s Ark Invest was back in the market on July 8th, and the message was pretty classic Ark: if a high-growth name gets knocked down, it might be shopping time.

The firm loaded up on SpaceX across several ETFs, with the biggest chunk going into ARKK and additional buys landing in ARKQ, ARKW, and ARKX. The total haul was valued at roughly $27 million based on the closing price, which is the kind of number that says, “Yes, we noticed the dip. Yes, we bought more.”

SpaceX: price hikes, then a price dip

The timing matters here. SpaceX was already in the spotlight after raising Starlink aviation pricing and hardware costs, a move that screams “we’re trying to squeeze more juice out of the business.” Ark’s purchase suggests it sees the company’s monetization story as still intact — maybe even getting better — despite the stock hanging around near a 52-week low.

Meanwhile, AMD got the haircut

On the flip side, Ark kept trimming AMD across multiple funds. That’s not exactly a death sentence — Ark has been actively juggling its AI and data-center bets — but it does show the firm is willing to rotate out of names that look a little too crowded or short-term stretched.

AMD still has the bulls in its corner ahead of its Aug. 4th earnings report, but Ark’s sales hint that the fund would rather redeploy capital elsewhere for now.

Big picture: Ark is doing what Ark does: buy the story it likes, sell the one it thinks has run a little too far, and keep investors guessing whether this is genius, chaos, or both.