Ark Invest Continues Buying Shares Of Nvidia And Apple Supplier TSMC — Also Purchases AMD Stock
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, made significant trades in Taiwan Semiconductor Manufacturing Co Ltd (TSM) and Advanced Micro Devices Inc (AMD). ARKW acquired 3,316 shares of TSM and 3,710 shares of AMD. TSM plans to increase prices for its 3nm wafers and advanced packaging, while AMD is dealing with a potential data breach.
June 19, 2024 | 2:29 am
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POSITIVE IMPACT
ARKW fund made significant trades, acquiring shares of TSM and AMD. These trades reflect Ark Invest's strategy amid the ongoing AI frenzy.
The acquisition of shares in TSM and AMD by ARKW indicates a strategic move to capitalize on the AI trend, likely boosting ARKW's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest's ARKW fund acquired 3,316 shares of TSM amid an AI frenzy. TSM plans to increase prices for its 3nm wafers and advanced packaging next year.
The acquisition of TSM shares by Ark Invest and the planned price hikes for TSM's products are likely to positively impact TSM's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Ark Invest's ARKW fund purchased 3,710 shares of AMD. AMD is currently dealing with a potential data breach and is working with law enforcement to investigate.
While Ark Invest's purchase of AMD shares is a positive signal, the potential data breach could negatively impact AMD's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100