NEW YORK / LONDON (IT BOLTWISE) – Cathie Wood, the well-known investor behind ARK Invest, recently made significant changes to her portfolio. While she is reducing her stakes in companies like GitLab and AMD, she is increasing her focus on AI and crypto investments. Particular focus is on CoreWeave, a company that specializes in AI cloud infrastructures.
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The recent investments by Cathie Wood and her ARK Invest fund show a clear reorientation towards AI and crypto technologies. Most notable is the purchase of 350,734 shares of AI cloud company CoreWeave, valued at approximately $24.27 million. This decision comes at a time when CoreWeave saw its share price fall by almost 22% after lowering its 2025 revenue forecast. Wood appears to be using the opportunity here to invest in the dip and bet on a recovery for the company.
In parallel, ARK Invest has expanded its positions in the crypto sector. The purchase of 49,900 shares of Bullish, 31,890 shares of BitMine and 20,700 shares of the ARK 21Shares Bitcoin ETF shows strong confidence in the future of cryptocurrencies, despite the recent drop in Bitcoin price below $85,000. These investments underscore Wood’s belief that crypto assets will play a significant role in the financial sector in the long term.
In the biotech space, ARK Invest increased its stake in CRISPR Therapeutics by 67,078 shares, representing an investment volume of approximately $3.3 million. This decision reflects continued interest in gene editing technology, which is considered one of the most promising developments in modern medicine.
On the other hand, ARK Invest has reduced its stakes in several technology companies. Of particular note is the sale of 670,144 shares of GitLab, valued at approximately $28.49 million. Positions were also reduced in Exact Sciences, Iridium and AMD. These sales could indicate that Wood and her team are looking to shift toward higher-growth sectors.
These strategic adjustments from ARK Invest shed light on the changing priorities in the technology and financial sectors. While traditional software and hardware companies are losing importance, innovative technologies such as AI and crypto are becoming increasingly attractive. Experts see these investments as a sign that ARK Invest is betting on the next wave of technological innovations that have the potential to transform entire industries.
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