ARK Invest Seizes Market Downturn to Buy $40M in Tesla, SpaceX, Nvidia

ARK Invest, led by Cathie Wood, took advantage of the market downturn to make significant investments in Tesla, SpaceX, and Nvidia. On July 28, the firm purchased $40.2 million worth of shares across various ETFs.

The largest portion of this purchase went towards Tesla, with ARK Invest buying 40,281 shares valued at around $12.38 million based on the stock's closing price of $307.44. The investment also included 105,108 SpaceX shares, worth approximately $12.24 million using the company's closing price.

Nvidia was another major beneficiary of ARK Invest's buying spree, with the firm adding 78,965 shares valued at around $15.56 million based on the chipmaker's closing price of $197.01. This purchase was spread across all five of ARK Invest's active ETFs.