Cathie Wood’s Ark Invest was active on Monday,, with one of its biggest headline moves centered on SpaceX (NASDAQ:SPCX) as the space company remained in focus after its recent public debut and fresh debate over its valuation. The firm also kept trimming Advanced Micro Devices (NASDAQ:AMD) while reshuffling exposure across its innovation-heavy funds.
The SpaceX Trade
Ark Invest added to SpaceX across multiple funds on Monday, with purchases spread through ARK Innovation ETF (BATS:ARKK), ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), ARK Next Generation Internet ETF (BATS:ARKW) and ARK Space & Defense Innovation ETF (BATS:ARKX). The buying came as the stock has drawn intense attention following its historic IPO and a wave of new commentary about the company’s long-term ambitions and near-term volatility. The stock has fallen nearly 35% from its record one-month high.
In a recent report on CEO Elon Musk’s orbital data center comments, it was noted that Musk said SpaceX would "start flying them next year," even as short seller Jim Chanos questioned the practicality of the plan. That backdrop has kept the stock in the spotlight as investors weigh the company’s bold technology roadmap against execution risk.
Ark’s largest SPCX buy came from ARKK, which picked up 88,957 shares, followed by ARKQ’s 32,556-share purchase, ARKX’s 8,728 shares and ARKW’s 23,008 shares. The transactions amounted to nearly $21.3 million, based on the sock’s closing price of $139.14. Ark had purchased millions of dollars’ worth of SpaceX shares last week as well.
The AMD Trade
AMD was the other major focus of Ark’s Monday activity, with sales logged in ARKQ, ARKW and ARKX. The moves extended Ark’s recent reductions in the chipmaker, which has been under pressure amid a broader tech pullback and worries over supply-chain conditions.
AMD had already been weakened by profit-taking and a risk-off tone in semiconductors, according to a report on the stock’s latest drop. Global supply-chain concerns, geopolitical tensions and tech profit-taking were noted as key factors weighing on the shares.
Ark sold 22,919 AMD shares from ARKQ, 16,311 shares from ARKW and 2,309 shares from ARKX, signaling continued caution around the chip name. Even though AMD remains a widely followed AI and semiconductor play, Ark’s trading suggests the firm sees more attractive opportunities elsewhere in its innovation universe.
Other Key Trades
- Ark bought 340,300 shares of Cantor Equity Partners II Inc. (SECZ) in ARKF .
- Ark bought 182,272 shares of Block Inc. (XYZ) in ARKF and 53,346 shares in ARKW .
- Ark bought 246,729 shares of Prime Medicine, Inc. (PRME) in ARKG.
- Ark bought 100,854 shares of Oklo Inc. (OKLO) in ARKQ.
- Ark bought 79,938 shares of Kratos Defense and Security Solutions Inc. (KTOS) in ARKQ and another 12,897 shares in ARKX .
Benzinga Edge Stock Rankings indicate SpaceX stock doesn’t rank high on Short, Medium and Long-term Price Trends.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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