PLTR
ARK’s not exactly throwing a parade
Cathie Wood’s ARK Invest has been doing the thing active managers love to do and retail traders hate to see: selling into strength. The funds dumped 109,492 Palantir shares on Aug. 4 and 5, worth about $17 million, right after PLTR ripped 29% on earnings.
That would already be a pretty loud signal. But ARK kept the exit door open on Monday too, unloading another 11,525 shares while turning around and buying about $26.6 million of Nvidia. Translation: the firm is still clearly bullish on AI, just maybe not interested in letting Palantir run completely wild without taking some chips off the table.
What this means for your portfolio
For Palantir bulls, this doesn’t mean the story is broken. It does mean one of the market’s most famous momentum-chasers is rebalancing after the stock’s post-earnings moonshot. And when a stock has already had a 29% earnings-day pop, every little sale can feel like a tiny reality check.
Big picture
This is the classic Wall Street remix: love the theme, trim the winner, buy the next shiny AI thing. In other words, the AI trade is still alive — it’s just becoming less of a one-stock party and more of a rotation dance floor.