January 28, 2025
On Monday, Cathie Wood -led Ark Invest executed significant trades involving major companies such as Tesla Inc. (NASDAQ: TSLA ), Advanced Micro Devices Inc. (NASDAQ: AMD ) , Palantir Technologies Inc. (NASDAQ: PLTR ), and Amazon.com Inc. (NASDAQ: AMZN ).
The Tesla Trade
On Monday, Ark Invest made a notable move by selling 20,392 shares of Tesla Inc. through ARK Next Generation Internet ETF (NYSE: ARKW ). The sale was valued at approximately $8.1 million. This decision comes amid growing concerns over potential cuts to electric vehicle tax credits under the Trump administration, as highlighted by Gary Black , Managing Partner at Future Fund LLC . Tesla’s stock faced a 2.32% decline, closing at $397.15, as investors reacted to these uncertainties and diverging forecasts for Tesla’s 2025 delivery growth.
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The Advanced Micro Devices Trade
Ark Invest also increased its stake in AMD . by purchasing 42,554 shares through the ARKW ETF, amounting to a transaction worth approximately $4.89 million. AMD’s stock experienced a significant drop of 6.37%, closing at $115.01, following a broader selloff in the tech sector. This decline was triggered by reports of Chinese AI startup DeepSeek unveiling a competitive AI model , which impacted major technology stocks, including AMD.
The Palantir Trade
Ark Invest sold 60,375 shares of Palantir Technologies Inc. via the ARKW ETF, with the sale valued at around $4.55 million. Palantir’s shares fell by 4.48%, closing at $75.44, amid heightened competition concerns from DeepSeek’s AI advancements. The tech-heavy Nasdaq faced heavy selling pressure, contributing to Palantir’s stock decline.
The Amazon Trade
Ark Invest bolstered its position in Amazon.com Inc. by purchasing a total of 7,461 shares across the ARK Innovation ETF (NYSE: ARKK ) and ARKW ETFs. The combined purchase was valued at approximately $1.76 million, based on Amazon’s closing price of $235.42. Amazon’s stock saw a modest increase of 0.24% on the day. Wood has been loading up on Amazon stock, she purchased $8.9 million worth of shares in early January.
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This article Cathie Wood Swoops In To Buy AMD Shares Amid DeepSeek Tech Upheaval, Dumps Tesla Stock Worth $8.1 Million originally appeared on Benzinga.com
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