META
Ark’s shopping spree
Cathie Wood’s Ark Invest decided Meta’s post-earnings slump looked more like a sale than a warning label. The firm bought roughly $14.3 million of Meta shares across ARKK, ARKF, and ARKW after the stock slid 7.95% in a single session.
Why the dip mattered
Meta had just posted second-quarter earnings that were a mixed bag: revenue came in at $60.8 billion, but adjusted EPS landed at $6.18, missing the $7.13 consensus. Translation: the business is still throwing off a mountain of cash, but investors are getting twitchy about how much AI spending is eating into the payoff.
Ark’s message to the market
Buying the dip here is Ark’s way of saying, “Sure, the stock got punched in the face — but maybe the fundamentals didn’t break.” That’s especially relevant when Wall Street is still debating whether Meta’s AI ambitions are a genius bet or a very expensive science fair project.
Meanwhile, Ark also trimmed Caterpillar, but that trade felt more like portfolio housekeeping than the main event.
Big picture: when one of the market’s most aggressive growth hunters steps in after earnings pain, it usually tells you the debate isn’t over — it’s just getting louder.