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Markets Insider

Cathie Wood’s ARK buys $78.8M of Nvidia shares and sells AMD

AI Market Summary
ARK Invest's $78.8M Nvidia purchase alongside AMD selling highlights continued institutional preference for NVDA despite AMD's outsized 2026 rally. The news reinforces Nvidia's demand visibility via AWS's plan to deploy another 2M Blackwell Ultra/Rubin GPUs in 2027–2028, plus capital return support from an expanded buyback authorization and strategic expansion via the planned Hugging Face acquisition.
Impact level
● Medium
Affected assets
NCSKNVDA2USD/USDT+0.96%
AI Insight · NCSKNVDA2USD/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Cathie Wood’s ARK funds bought $78.8 million worth of Nvidia shares on Tuesday while selling AMD. In 2026, Nvidia is up about 22% and AMD has surged 184%. AWS plans to deploy another 2 million Nvidia Blackwell Ultra and other GPUs in 2027 and 2028, while Nvidia is also planning a $12.93 billion acquisition of Hugging Face. Nvidia’s board has additionally authorized $150 billion more in stock repurchases.
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