TECH - Cathie Wood's Ark Sheds Nearly $4M Nvidia Shares And Trims Position In This AI Peer | Benzinga
Cathie Wood-run Ark Investment Management on Monday sold more shares of AI stalwart Nvidia Corp. (NASDAQ:NVDA) even as the market has factored in continued outperformance for the stock.
Cashing Out Of AI Bigwigs: Ark through its ARK Autonomous Technology & Robotics ETF (CBOE: ARKQ) and ARK Genomic Revolution ETF (CBOE: ARKG) sold 4,422 Nvidia shares. At Monday’s closing price of $871.33, the sale would have fetched Ark $3.85 million.
Following Monday’s sale, ARKG holds 7,139 Nvidia shares and ARKQ 20,724 shares. The Ark Fintech Innovation ETF (NYSE:ARKF) and Ark Next Generation Internet ETF (NYSE:ARKW) currently have 12,711 and 20,464 Nvidia ...