ARK Invest Snaps Up $40M Worth of Tesla, SpaceX, and NVIDIA Stocks Amid Global AI Sell-Off

Cathie Wood's ARK Invest made significant purchases of Tesla, SpaceX, and NVIDIA stocks despite a global sell-off in AI-related stocks on July 28. The firm added over $40 million worth of shares across its various ETFs.

The largest purchase was of 26,920 Tesla shares by ARKK, which cost around $7.93 million based on the closing price of $307.44. Other funds, such as ARKQ and ARKW, also acquired substantial amounts of Tesla stock.

ARKK bought 70,773 shares of SpaceX, while ARKW purchased 9,426 shares. The total cost of these purchases was approximately $12.24 million based on the closing price of SPX. NVIDIA was another major addition to ARK's ETFs, with ARKK acquiring 42,072 shares and ARKW buying 11,984 shares.

The total value of the NVIDIA stock acquisition was around $15.56 million based on the closing price of $197.01. Additionally, ARK increased its exposure to Solana via the 3iQ Solana Staking ETF (SOLQ.U), purchasing 5,252 shares for approximately $32,667.