Ark Invest buys 192,566 CoreWeave shares as the AI cloud stock slides

Cathie Wood's firm adds to its CoreWeave position on October 15 after a reported purchase the day before, despite heavy debt worries Cathie Wood is shopping again. On October 15, Ark Invest bought 192,566 shares of CoreWeave (CRWV), the AI cloud infrastructure company whose stock has spent the past year going mostly in one direction. That direction is down. Ark is betting the drop is an opportunity, and it is not the first time this week the firm has made that bet. The October 15 purchase came one day after Ark reportedly picked up approximately 188,665 CoreWeave shares on October 14. That earlier trade ran through Ark’s ARKK and ARKW exchange-traded funds. At a closing price of $65.78, the October 14 buy was valued at about $12.4 million.

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