Cathie Wood’s firm bought Nvidia and Broadcom stock amid declines while selling $36.8 million in Deere shares.
ARK Invest purchased 122,422 Nvidia shares valued at $26.6 million across five ETFs as NVDA fell 2.86% on Monday. The decline followed reports Nvidia is arranging over $500 billion in financing for AI infrastructure with major financial firms, raising investor concerns about circular financing risks.
The firm also added 39,020 Broadcom shares worth $16.5 million as AVGO slipped 1.25% in broader market weakness. Broadcom stock has risen 22.5% year-to-date. Meanwhile, ARK sold 60,458 Deere shares for $36.8 million, continuing a weeks-long reduction of its position.
Additional purchases included $18.1 million in Cloudflare and $9.4 million in Teradyne shares.