Cathie Wood Buys $54M SpaceX, Meta Stock; Sells AMD

Cathie Wood, CEO of ARK Invest, executed significant trades last week, including purchases of SpaceX and Meta (META) stock, and sales of AMD and Robinhood shares.

Details

According to ARK Invest's daily trade reports, its funds bought approximately $54 million worth of SpaceX stock, the private space company not yet publicly listed. The firm also increased its stake in Meta (ticker: META), the social media giant with a market cap exceeding $1 trillion.

Conversely, ARK Invest sold part of its holdings in AMD (ticker: AMD), a semiconductor company, as well as shares of Robinhood, the trading platform.

Context

Cathie Wood is known for investing in high-growth, disruptive companies. SpaceX, still private, is one of her key private investments. Meta continues to attract investor interest despite regulatory challenges, while AMD faces intense competition from NVIDIA.

What It Means for Investors

These trades reflect Wood's continued confidence in the space and social media sectors, and a shift away from traditional tech names like AMD. Investors should monitor ARK's moves as market signals, but not as buy or sell recommendations.