Cathie Wood's ARK Buys Cloudflare and NVIDIA, Significantly Trims Deere
Nashnova编辑部
ARK Invest loaded up on AI infrastructure and semiconductors last week, buying $29.9 million in Cloudflare and selling nearly $60 million in Deere — a clear rotation from industrials and software into compute and space.
What did ARK buy, and where is the money going?
The biggest purchase was Cloudflare (NET) at roughly $29.9 million across multiple funds. The stock had just surged over 16% on a Q2 earnings beat, drawing upgrades from several Wall Street firms.
Nvidia (NVDA) came next at about $26.9 million across five funds. The catalyst: Nvidia confirmed it is working with a lending consortium to raise $500 billion for AI infrastructure.
This means → ARK's core bet is clear: compute infrastructure (Nvidia, Broadcom) plus the access and distribution layer for that compute (Cloudflare).
What else was added?
AI-chip startup Cerebras Systems (CBRS) saw roughly $24.5 million in buys; rocket maker Rocket Lab (RKLB) got about $23 million.
On the semiconductor side, Broadcom (AVGO) drew about $16.7 million and chip-testing equipment maker Teradyne (TER) about $9.7 million.
In plain terms = from chip design (Cerebras) to chip-testing equipment (Teradyne) to rocket launches (Rocket Lab), ARK is placing parallel bets along two tracks: compute and space.
Why the heavy selling in Deere and Shopify?
Deere (DE) was the week's largest sale at roughly $59.9 million — the single biggest trim across all ARK funds.
Shopify (SHOP) was cut by about $22.8 million; Palantir (PLTR) by about $11.7 million.
This means → industrials and software were sold in concert, and the freed capital maps directly onto the AI-infrastructure buys — this is an active rotation, not simple profit-taking.
What is happening to the genomics book?
10x Genomics (TXG) was trimmed by about $11.6 million; Twist Bioscience (TWST) by about $10.3 million.
In plain terms = genomics was once ARK's signature theme. The continued drawdown signals that Wood is shifting chips from long-cycle biotech toward near-term AI hardware catalysts.
Smaller trims also hit Snowflake, Caterpillar, Iridium Communications, and Elbit Systems — spanning industrials, software, and defense.
What is the overarching logic of this rotation?
The direction is unmistakable: capital is flowing out of industrials, software, and genomics and into AI infrastructure, advanced compute, and space.
This reflects ARK's read on the current cycle — AI capex is still accelerating, while industrials and legacy software offer less upside elasticity.
Whether this thesis keeps paying off depends on upcoming earnings from these names and on the pace at which AI capital spending actually lands.
Content is for reference only, not financial advice.