Cathie Wood Continues To Cash Out Of Nvidia: Here's Another Large-Cap AI-Levered Stock Ark Sold Thursday
Portfolio Pulse from Shanthi Rexaline
Cathie Wood's Ark Invest continues to sell Nvidia (NVDA) shares, with Ark Innovation ETF (ARKK) having divested its entire Nvidia stake by early January 2023. On Thursday, Ark's Autonomous Technology & Robotics ETF (ARKQ) and Ark Genomic Revolution ETF (ARKG) sold 9,898 Nvidia shares valued at $4.2 million. Nvidia now accounts for 2.59% of ARKQ and 2.72% of ARKG. Ark also sold Alphabet (GOOGL, GOOG) shares on Thursday, with ARKQ and Ark Space Exploration & Innovation ETF (ARKX) selling 10,439 Class C shares.

August 11, 2023 | 6:29 am
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NEGATIVE IMPACT
Ark Invest sold Alphabet shares on Thursday, which may put downward pressure on the stock in the short term.
Ark Invest's sale of Alphabet shares could lead to increased supply in the market, potentially putting downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ark Invest continues to sell Nvidia shares, which may put downward pressure on the stock in the short term.
Ark Invest's continued selling of Nvidia shares could lead to increased supply in the market, potentially putting downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Ark Genomic Revolution ETF sold Nvidia shares, which may impact the fund's performance.
The sale of Nvidia shares by Ark Genomic Revolution ETF could impact the fund's performance, depending on how the proceeds are reinvested.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Ark Innovation ETF has divested its entire Nvidia stake, which may impact the fund's performance.
The divestment of Nvidia shares by Ark Innovation ETF could impact the fund's performance, depending on how the proceeds are reinvested.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Ark Autonomous Technology & Robotics ETF sold Nvidia and Alphabet shares, which may impact the fund's performance.
The sale of Nvidia and Alphabet shares by Ark Autonomous Technology & Robotics ETF could impact the fund's performance, depending on how the proceeds are reinvested.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Ark Space Exploration & Innovation ETF sold Alphabet shares, which may impact the fund's performance.
The sale of Alphabet shares by Ark Space Exploration & Innovation ETF could impact the fund's performance, depending on how the proceeds are reinvested.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100