Cathie Wood's ARK Invest bought $53M of Nvidia stock after earnings

Cathie Wood's ARK Invest bought $53M of Nvidia stock after earnings

Mon, August 31, 2026 at 3:57 PM GMT+3 1 min read

• NVDA +0.18%
• AMD +0.83%

Cathie Wood's ARK Invest picked up 243,707 Nvidia shares on Friday at a total cost of approximately $53 million, according to Barron's. The buy came after Nvidia stock closed down 4.6% at $217.55 that day, pulling back from a surge driven by the chipmaker's latest earnings report.

The purchase fits a pattern that has emerged over recent months, with Wood adding to ARK's Nvidia holdings at the same time she has been paring back its AMD exposure. ARK sold 156,286 AMD shares on Friday as well.

Nvidia stock was up 0.5% at $218.70 in premarket trading Monday.

Nvidia's second-quarter revenue more than doubled, clearing analyst forecasts by the widest margin in two years, and the company projected 70% revenue growth for its fiscal 2028 year. Nvidia stock climbed roughly 7% on Thursday following the report, lifting chip stocks broadly and pushing major indexes higher. The stock's subsequent pullback on Friday set up the entry point for ARK's purchase.

CEO Jensen Huang said demand for the company's products exceeds its ability to supply them.

Wood, who serves as ARK's CEO and chief investment officer, rose to prominence by wagering on speculative areas including genomics, robotics, and electric vehicles. ARKK, ARK's largest fund, has seen its value erode at an annualized rate of about 9% across the last five years.

On a forward earnings basis, Nvidia is priced at 16.7 times expected profits, a discount to the S&P 500's 19.7 times multiple, according to Barron's, citing FactSet data.