Cathie Wood’s tech-focused investment firm ARK Invest has allocated over a billion dollars to big-tech companies as the firm continues to ride the artificial intelligence (AI) wave.
The latest filings from the U.S. Securities and Exchange Commission (SEC) show that ARK Invest has accumulated 4.076 million shares of the AI-firm Palantir Technologies (PLTR), worth $555.67 million.
Palantir uses AI to process massive datasets, delivering decisions, predictions and automated actions for clients in government, defense and corporate sectors. PLTR is up about 140% since the start of the year.
Another firm that ARK Invest has a large stake in is Nvidia (NVDA) rival Advanced Micro Devices (AMD), a US semiconductor company that designs and makes high-performance computing hardware. Data shows that as of Q2 2025, ARK Invest has bought 2.708 million AMD shares worth about $384.280 million.
In its latest earnings report, AMD says its net income is up 229% year-over-year, from $265 million in Q2 2024 to $872 million in Q2 2025, largely due to its AI product portfolio. AMD is up about 50% since the start of the year.
ARK Invest also purchased 1.013 million shares of Nvidia itself, worth about $160.052 million. Nvidia is the most valuable company in the world with a market cap of $4.4 trillion. NVDA has risen by about 35% year-to-date.
One more AI stock in ARK Invest’s playbook is the chipmaker Taiwan Semiconductor Manufacturing Company (TSM). Data shows that ARK Invest owns 698,930 TSM shares worth $158.3 million. TSM has surged around 15% since the start of the year.
Meanwhile, ARK Invest has been trimming its positions in three companies. Starting with Coinbase (COIN), the firm unloaded 445,957 shares of the top US crypto platform between Q1 and Q2 of this year.
The firm also dumped 2,462,795 shares of the retail-focused trading firm Robinhood (HOOD) during the same period, while completely selling all of its holdings in the software company UiPath (PATH).
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