- Ark Investment Management, led by CEO Cathie Wood, has reduced Nvidia holdings.
- Ark has increased Tesla holdings, viewing autonomous driving as the “biggest AI project on earth.
- The Ark Venture Fund has invested in Elon Musk’s AI startups, xAI and OpenAI.
In a video interview at the Greenwich Economic Forum in Hong Kong, Ark Investment Management CEO Cathie Wood reaffirmed her firm’s strategic position in AI assets. According to the report, Wood disclosed that Ark has reduced its Nvidia holdings in its “specialized portfolios and flagship fund.” Instead, it has shifted focus to emerging AI companies.
The CEO mentioned that Ark initially purchased Nvidia in 2014 at approximately $4 on a share-split adjusted basis. The ARK Innovation ETF held the stock until it reached around $400, selling most shares before Nvidia’s meteoric rise last year.
During a recent video interview at the Greenwich Economic Forum in Hong Kong, Ark Investment Management CEO Cathie Wood reiterated her firm’s strategic position in artificial intelligence (AI) assets. According to the report, Wood noted that Ark has reduced its Nvidia holdings to “specialized portfolios and flagship …
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