ARK Invest Sells Off Major Tech Stocks Including Meta and Nvidia
ARK Invest, led by Cathie Wood, has recently executed significant sell-offs in major U.S. tech stocks such as Meta and Nvidia. Specifically, the company offloaded around 76,622 shares of Meta (approximately $42 million) and 154,441 shares of Nvidia (around $26.6 million). This divestment follows mounting legal risks for Meta after losing a social media addiction lawsuit, and broader concerns about Nvidia connected to geopolitical tensions and a potential decline in semiconductor demand. Additionally, speculation that new AI technology from Google could reduce memory demand has further fueled market uncertainty about major tech companies.
The sales were carried out through various ARK ETFs, including the ARK Blockchain & Fintech Innovation ETF, ARK Innovation ETF, and ARK Next Generation Internet ETF. The current weakness in the tech sector has impacted ETF performance: the ARK Innovation ETF has fallen 9.13% year-to-date, while the S&P 500 has also dropped by more than 5% recently, indicating ongoing market volatility. Cathie Wood’s moves appear to be part of a risk management and portfolio adjustment strategy. Market analysts suggest that ARK Invest's actions could further heighten volatility in growth-oriented equities.
Related News
Besides Samsung Electronics, I bought Nvidia, but what now… 'I can't hold on any longer,' Money Tree Sister throws 100 billion - Seoul Economic DailyCathie Wood, a famous American investor known as 'Money Tree Sister', leads Ark Invest, which has caught the market's attention by selling off large swathes of major global big tech stocks like Nvidia and Meta. This was reported by US economic media such as Benzinga on the 27th (local time).
“Is the Real Crash Coming?” Cash Wood's Ark Invest Sells Off 150,000 Nvidia Shares and 80,000 Meta Shares - Herald Economy[Herald Economy=Kim Bo-young Reporter] Cash Wood, known as 'Money Tree Sister', and her firm Ark Invest have sold off large quantities of major big tech stocks like Nvidia and Meta. On the 27th (local time) in the US,