Cathie Wood's Chip Pair Trade: Ark Offloads More Nvidia, Adds $10M Of This Giant After 2 Years
Portfolio Pulse from Shanthi Rexaline
Ark Invest, led by Cathie Wood, has made a semiconductor pair trade, buying 98,170 shares of Taiwan Semiconductor Manufacturing Company (TSM) valued at $10.51 million through its ARKQ ETF, while selling 20,111 shares of Nvidia (NVDA) for approximately $7.94 million through its ARKQ and ARKW ETFs.
June 13, 2023 | 11:00 am
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POSITIVE IMPACT
Ark Invest bought 98,170 shares of Taiwan Semiconductor Manufacturing Company (TSM) valued at $10.51 million through its ARKQ ETF.
The purchase of TSM shares by Ark Invest may have a short-term positive impact on the stock price, as it signals a preference for TSM over NVDA in the semiconductor space. However, the long-term impact on TSM's stock price will depend on the company's fundamentals and overall market conditions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Ark Invest's ARKQ ETF bought 98,170 shares of TSM and sold 20,111 shares of NVDA in a semiconductor pair trade.
The pair trade is a strategic move by Ark Invest, and while it may have short-term implications for the ETF, it is not clear how it will impact the overall performance of ARKQ in the short term. The trade shows Ark's preference for TSM over NVDA at the moment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Ark Invest's ARKW ETF sold 20,111 shares of NVDA in a semiconductor pair trade.
The sale of NVDA shares by ARKW is part of Ark Invest's semiconductor pair trade strategy. While it may have short-term implications for the ETF, it is not clear how it will impact the overall performance of ARKW in the short term. The trade shows Ark's preference for TSM over NVDA at the moment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Ark Invest sold 20,111 shares of Nvidia (NVDA) for approximately $7.94 million through its ARKQ and ARKW ETFs.
The sale of NVDA shares by Ark Invest may have a short-term negative impact on the stock price, as it signals a preference for TSM over NVDA in the semiconductor space. However, the long-term impact on NVDA's stock price will depend on the company's fundamentals and overall market conditions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100