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ARK Innovation ETF Reenters Nvidia Position Amid Market Volatility

ARK Innovation ETF Reenters Nvidia Position Amid Market Volatility

Published:
2025-11-21 08:40:02
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BTCCSquare news:

Cathie Wood's ARK Innovation ETF acquired 93,374 shares of Nvidia on Thursday, marking its first purchase since August 4. The move coincided with Nvidia's better-than-expected revenue outlook, though the stock closed 3.2% lower at $180.64 amid broader market declines.

ARK's existing Nvidia holdings exceeded 1.1 million shares as of September 30. The ETF's latest buy comes as it trails its October peak by over 20%, while the Nasdaq 100 has declined 4.3% in the same period.

Asian markets followed the selloff, with AI stocks in South Korea and Taiwan dropping more than 3% by Friday. Traders recalibrated expectations for Federal Reserve rate cuts, pressuring tech stocks globally.

|Square

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