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Cathie Wood’s ARK Invest Adjusts Portfolio with AI and Biotech Bets
Cathie Wood’s ARK Invest Adjusts Portfolio with AI and Biotech Bets
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BTCCSquare news:
Cathie Wood's ARK Invest ETFs executed strategic trades on September 26, pivoting toward emerging technologies. The firm acquired 784,610 shares of autonomous driving startup Kodiak AI (KDK) through ARKQ, valued at $416,627, following its SPAC merger debut. Simultaneously, ARKK and ARKG purchased $2.29 million worth of Intellia Therapeutics (NTLA), amplifying Wood's biotechnology exposure.
The moves came alongside divestments in Roblox (RBLX) and Kratos Defense (KTOS), signaling a continued rotation into disruptive innovation sectors. Kodiak's $2.5 billion market debut through Ares Management's SPAC underscores growing institutional interest in AI infrastructure plays.
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