On Monday, Cathie Wood-led Ark Invest made notable trades involving NVIDIA Corp. (NASDAQ:NVDA), Cerebras Systems Inc. (NASDAQ:CBRS), and Advanced Micro Devices Inc. (NASDAQ:AMD).
The Nvidia Trade
Ark Invest’s decision to trade NVIDIA Corp. comes on the heels of the company’s recent announcements at Computex. NVIDIA’s unveiling of the RTX Spark, touted as the most efficient PC chip ever, has driven investor interest. The chip, which integrates a Blackwell GPU with an Arm-based CPU, showcases NVIDIA’s innovation in the semiconductor space.
The purchase of 300,017 shares was made through ARK Innovation ETF (BATS:ARKK), ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), ARK Next Generation Internet ETF (BATS:ARKW), ARK Blockchain & Fintech Innovation ETF (BATS:ARKF) and ARK Space & Defense Innovation ETF (BATS:ARKX). On Monday, NVIDIA’s stock closed at $224.36, marking a 6.26% increase, which made the Ark transaction worth nearly $67.3 million.
The Cerebras Trade
Ark’s activity with Cerebras Systems is noteworthy amid the company’s recent IPO. The offering was heavily oversubscribed, indicating strong institutional demand. Notably, Ark has been purchasing Cerebras stock lately.
On Monday, Ark purchased 62669 shares of the company through ARKK and ARKW. The latest transaction, on Monday, was estimated to be worth $13.4 million, based on the stock’s closing price of $213.28.
The AMD Trade
Ark’s trade involving Advanced Micro Devices aligns with AMD’s recent strategic announcements. AMD highlighted its long-term PC strategy at Computex 2026 by extending support for its AM5 platform through 2029, while facing a new challenge from Nvidia's entry into the consumer processor market. Nvidia unveiled its RTX Spark Superchip, combining a Grace CPU and Blackwell RTX GPU for AI-focused Windows-on-Arm PCs, marking its most direct push against AMD in desktop and laptop processors.
Ark has been steadily trimming its AMD position over the past month, and the selling continued into June. On Monday, Wood sold 110207 shares through ARKF, ARKK, ARKQ, ARKW and ARKX. The sale was estimated at $56.2 million based on the stock’s closing price of $510.13 that day.
Other Key Trades
- Sold 23584 shares of Teradyne Inc. (TER) from ARKQ and ARKX.
Benzinga Edge Stock Rankings indicate Nvidia stock has a Momentum score in the 82nd percentile and a Value in the 6th percentile.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Ira Lichi / Shutterstock
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