ARK Invest Adjusts Portfolio: Trims Tesla, Boosts AI and Semiconductor Holdings

Cathie Wood's ARK Invest executed strategic portfolio adjustments on November 10, reducing its Tesla stake while increasing exposure to AI and semiconductor plays. The firm sold approximately 5,400 Tesla shares worth $2.4 million, continuing a pattern of rebalancing its position in the electric vehicle maker.

ARK demonstrated conviction in autonomous driving technology through a $2.5 million purchase of Pony AI shares. The investment firm also acquired $4.9 million worth of Taiwan Semiconductor Manufacturing Company (TSMC) stock, capitalizing on sustained demand for AI-related chips. Baidu saw $12.4 million of inflows as ARK expanded its Chinese AI holdings.

These moves coincide with Tesla facing headwinds in China, where October sales plummeted 32.3% month-over-month. ARK's trades reflect a deliberate shift toward companies positioned to benefit from artificial intelligence growth while maintaining selective exposure to disruptive transportation technologies.