Cathie Wood’s ARK Invest Rebalances Portfolio with Semiconductor and EV Bets
ARK Invest made strategic moves in semiconductor and electric vehicle sectors on January 20, capitalizing on market dips. The firm acquired $10.8 million in Broadcom shares after a 5.4% decline triggered by Chinese regulatory actions against foreign software vendors.
The investment house continues shifting its EV exposure, purchasing $2.53 million in BYD shares while reducing Tesla holdings. Autonomous vehicle technology remains a priority, evidenced by a $4.9 million investment in WeRide.
ARK simultaneously exited a $22.12 million position in Kratos Defense across multiple funds. All traded securities maintain 'Strong Buy' ratings from analysts, with WeRide showing particularly high upside potential.