Cathie Wood Makes Surprise AI Stock Moves Amid Sell-Off

TLDR Cathie Wood’s ARK Invest purchased 188,665 CoreWeave shares worth approximately $12.4 million during Wednesday’s AI stock sell-off. ARK reduced its Palantir exposure by selling 31,432 shares worth roughly $6.3 million without exiting its position. CoreWeave shares plunged 15.46% as rising bond yields raised fresh concerns about the company’s borrowing costs. CoreWeave’s $104 billion revenue backlog faces scrutiny amid heavy debt obligations and growing AI infrastructure spending. Palantir’s elevated valuation and recent share rally provide context for ARK’s decision to reduce its holdings. Cathie Wood’s ARK Invest bought CoreWeave shares during Wednesday’s AI stock sell-off and reduced its Palantir holding. The trades involved listed technology shares, not contracts traded through U.S. prediction markets. ARK purchased 188,665 CoreWeave shares, worth about $12.4 million at Wednesday’s closing price.

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