Cathie Wood Sells $3.7 Million Palantir Stock, Buys Different Companies
Ark Invest reduced positions in Palantir and Shopify stocks. The company increased investments in Qualcomm and BYD instead.
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On Monday, Cathie Wood's investment company Ark Invest made several changes to their stock portfolio. They sold 20,208 shares of Palantir Technologies, even though this company is doing well in artificial intelligence. They also sold 22,393 shares of Shopify, despite the company's good performance in online shopping.
Instead, Ark Invest bought 20,382 shares of Qualcomm, a technology company that makes computer chips. They also bought 69,000 shares of BYD, a Chinese electric car company. The company made other trades too, buying and selling shares in healthcare and technology companies.
These changes show how Ark Invest actively manages their investments.
Original Article
benzinga.comhttps://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/10/48319178/cathie-wood-dumps-3-7-million-of-palantir-stock-despite-ai-boom-heres-what-shes-buying