Cathie Wood’s Bold Move: Offloading Roku and Tempus AI Stocks Signals Strategic Shift

Cathie Wood's ARK continues its strategic repositioning—dumping Roku and Tempus AI shares in what appears to be a classic 'sell the news' maneuver.

Market watchers are buzzing as the famed investor liquidates positions in two of her previously favored tech plays. The moves come amid swirling speculation about where the innovation-focused fund manager will deploy capital next.

While Wood's team remains tight-lipped about the specific rationale, the sales suggest a recalibration toward what she sees as the next wave of disruptive technologies—potentially including crypto and blockchain infrastructure plays that traditional finance still doesn't quite get.

Another day, another rebalance—because nothing says 'conviction' like constantly shifting your portfolio to chase the next shiny object.

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Meanwhile, ARK ETFs have been boosting their holdings in biotech names like CRISPR Therapeutics (CRSP), BEAM Therapeutics (BEAM), and Arcturus Therapeutics Holdings (ARCT).

Cathie Wood’s ARKK ETF Trims Stake in ROKU Shares

On Friday, September 19, the ARK Innovation ETF (ARKK) sold 22,732 shares of streaming platform Roku, worth about $2.25 million. This transaction followed the offloading of 47,474 Roku shares on Thursday.

ROKU stock has risen 37% year-to-date. Strong momentum in the top line and signs of improving profitability are driving the stock higher.

What Is the Prediction for ROKU Stock?

Currently, Wall Street has a Moderate Buy consensus rating on ROKU stock based on 15 Buys, seven Holds, and one Sell recommendation. The average ROKU stock price target of $108.71 indicates about 7% upside potential.

ARKK Sells Tempus AI Shares

On Friday, ARKK sold 60,550 shares of AI-powered healthcare technology company Tempus AI, valued at about $5.3 million. In fact, ARKK sold 43,157 TEM shares on September 18. TEM stock has rallied more than 161% year-to-date.

Is Tempus AI a Good Stock to Buy?

With six Buys and five Holds, Wall Street has a Moderate Buy consensus rating on Tempus AI stock. The average TEM stock price target of $73.30 indicates a 17% downside risk from current levels.