ARK Invest Rebalances Portfolio with Figma, AMD, and Broadcom Purchases
Cathie Wood's ARK Invest executed strategic trades on February 23, 2026, reallocating $35 million from Teradyne sales into growth-oriented tech stocks. The firm capitalized on Figma's 5.1% price dip, acquiring $11.82 million worth of shares in the design software company following stronger-than-expected earnings.
Semiconductor positions were bolstered with $6-7 million investments in both AMD and Broadcom, reflecting continued confidence in chipmakers despite recent market volatility. Alphabet saw approximately $6 million in new funding, while ARK continued trimming its DraftKings stake.
The moves demonstrate ARK's signature contrarian approach—buying into temporary weakness while reducing exposure to matured positions. Figma's AI-integrated design tools and the semiconductor sector's fundamental growth drivers appear central to Wood's current investment thesis.