ARK Invest Snaps Up Nvidia Shares Amid $500 Billion AI Infrastructure Push
Cathie Wood's ARK Invest is buying up shares of Nvidia (NVDA) after the chipmaker's stock fell by 2.8% in the previous session.
The purchases were made across five funds: ARKK, ARKG, ARQF, ARKW, and ARKF, with each fund buying a significant amount of NVDA shares on Monday.
This move comes after Nvidia announced partnerships with several major firms to develop financing platforms that will allow customers to borrow against chip purchases rather than pay the full cost up front. The arrangement is designed to help ease some of the balance-sheet pressure created by the rapid expansion of AI infrastructure.