Nvidia Gets Boost from Cathie Wood's ARK Invest

Cathie Wood's ARK Invest has made significant changes to its technology sector holdings. The firm sold 156,286 shares of Advanced Micro Devices (AMD) across multiple ETFs, totaling $74,496,847.

This sale marks a continuation of ARK's recent trend of reducing its position in AMD, seen in previous days.

In contrast, the firm made substantial purchases, particularly acquiring 243,707 shares of Nvidia Corporation (NVDA) for $55,560,321.

This move suggests growing confidence in Nvidia's prospects, given its strong performance in AI and graphics processing sectors.