Wood's Ark Invest Loads Up on Nvidia and TSMC as Meta's AI Spending Validates Bet

Cathie Wood's Ark Invest made significant investments in Nvidia and Taiwan Semiconductor Manufacturing Co. over two days, buying roughly $15 million of Nvidia stock and $14.7 million of TSMC shares.

The purchases were disclosed in daily trading data and coincided with Meta Platforms' second-quarter earnings report, which highlighted a surge in AI spending.

Nvidia dominates the GPU market for AI workloads, and Wood's team is betting that Meta's infrastructure spending will continue to drive Nvidia's top-line growth.

The simultaneous purchase of TSMC shares reveals Ark's full-stack approach to the AI infrastructure thesis, linking chip design with manufacturing.