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Cathie Wood's ARK Invest Buys Nvidia Dip, Loads Up on Broadcom; Deere Stake Cut by $37M
['Niloy Chakrabarti']
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According to ARK's daily trade disclosures, the firm purchased 122,422 Nvidia shares worth over $26 million across five ETFs on 10th August.
It also added 39,020 Broadcom shares valued at about $16.5 million.
Cathie Wood's ARK Bullish on Nvidia Long-TermThe Nvidia purchase came after the chipmaker's shares fell 2.86% on Monday, as investors digested news surrounding a potentially enormous financing push for AI infrastructure.
Broadcom becomes another AI betARK's $16.5 million Broadcom purchase is equally notable.
Note that Broadcom shares have gained 20.2% year to date.