ARKK
ARKW
Ark’s not exactly sitting still
Cathie Wood’s Ark Invest was busy on Monday, and the biggest headline was SpaceX. The firm added shares across ARKK, ARKQ, ARKW and ARKX, spending roughly $21.3 million while the stock was still getting tugged around by its post-debut volatility.
Buying the dip, Ark-style
SpaceX has been under the microscope after its flashy public debut and the usual cocktail of hype, ambition and “wait, can they actually pull this off?” questions. The stock is still down nearly 35% from its one-month high, which is basically Wall Street’s way of saying: the party started great, then somebody knocked over the punch bowl.
Ark’s biggest buy came through ARKK, which picked up 88,957 shares. ARKQ added 32,556 shares, ARKW grabbed 23,008, and ARKX chipped in 8,728. In other words, Ark didn’t just nibble — it made a point of showing up with a shovel.
Meanwhile, AMD got the colder shoulder
On the other side of the ledger, Ark kept trimming Advanced Micro Devices. Sales were logged in ARKQ, ARKW and ARKX, extending a recent pullback from the chipmaker. That’s not exactly a vote of confidence for AMD’s near-term setup, especially with supply-chain jitters, geopolitics and general tech profit-taking hanging over semis.
Big picture: Ark is doing what Ark does — leaning harder into the moonshot and stepping back from a name it thinks has less juice right now. Whether that looks visionary or just very Cathie Wood depends on what happens next.