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Wood Snaps Up $53M of Nvidia Stock After Earnings Rally

Guavy AI Editorial Team
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NVDA
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Cathie Wood's ARK Invest bought nearly $53 million worth of Nvidia stock after the AI chipmaker pulled back from its explosive post-earnings rally.

The firm acquired 243,707 Nvidia shares on Friday, Aug. 28, based on NVDA's closing price of $217.55 that day.

This was more than straightforward bargain hunting - ARK sold $74.5 million worth of AMD stock and added $20.5 million of Broadcom in the same transaction.

Nvidia had surged 8.7% on Thursday, adding roughly $442 billion in market value before giving back part of its gain Friday.

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