ARK Innovation ETF Snaps Up 93,374 Nvidia Shares - Cathie Wood Doubles Down on AI Bet

Cathie Wood's flagship fund makes bold move as tech giant continues AI dominance streak

The Big Bet

ARK Innovation ETF just loaded up on Nvidia shares - 93,374 to be exact. This isn't just another trade; it's a statement about where the smart money sees the future heading.

AI Arms Race Heats Up

While traditional investors worry about valuation metrics, innovation-focused funds keep placing chips on the table. Nvidia's graphics processors have become the gold standard for artificial intelligence workloads - and Wood's team clearly believes that narrative has legs.

Contrarian Play or Following the Herd?

Thursday's purchase signals confidence in Nvidia's ability to maintain its chokehold on the AI hardware market. The move comes as semiconductor stocks face increased scrutiny from analysts questioning whether the AI boom has created another bubble waiting to pop.

Another day, another 'visionary' bet on technology that's already up 200% this year - because what could possibly go wrong chasing momentum in the most crowded trade on Wall Street?

ARK adds to Nvidia while managing a wider portfolio

Before this new buy, Ark already held more than 1.1 million Nvidia shares as of Sept. 30, according to Bloomberg data.

The new purchase only reflects management decisions, as Ark’s daily updates do not include creation or redemption moves from investor flows.

The timing came as the ARK Innovation ETF is down more than 20% from its October peak. During that same stretch, the Nasdaq 100 slid about 4.3%.

Cathie did not comment on the trade directly, but Ark described it in its update, saying the ETF “bought 93,374 shares of Nvidia” on Thursday.

Ark’s entire portfolio spans a long list of private and public companies. The holdings include SpaceX, Figure AI, OpenAI, Epic Games, Lambda, xAI, Neuralink, and more.

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