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BTCC / BTCC Square / Global Cryptocurrency /
Cathie Wood Shifts Portfolio: Buys GitLab, Sells Palantir and CoreWeave

Cathie Wood Shifts Portfolio: Buys GitLab, Sells Palantir and CoreWeave

Author:
Global Cryptocurrency
Published:
2025-06-12 03:51:01
5
1

ARK Invest''s Cathie Wood made strategic moves in her portfolio, capitalizing on GitLab''s post-earnings dip while divesting from Palantir and CoreWeave. The flagship ARK Innovation ETF snapped up 227,698 shares of the developer tools company after a 10% price drop, despite GitLab beating Q1 earnings estimates with $0.17 EPS and $214.51 million in revenue.

Wall Street maintains strong conviction in GitLab with 19 Buy ratings and a $62.81 average price target. Wood''s simultaneous sell-off of Roblox, Palantir and AI infrastructure play CoreWeave suggests a rotation into software growth stories amid the market volatility.

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