On Thursday, ETFs under ARK Invest made significant trades. Among them, the ARK Next Generation Internet ETF (ARKW) bought 20,189 shares of AMD stock valued at $3.9 million, and also purchased shares of Alphabet and Broadcom. The ARK Autonomous Technology & Robotics ETF (ARKQ), combined with ARKW, bought a total of 87,148 shares of Broadcom stock worth $270.6 million, while selling 228,943 shares of Qualcomm stock valued at $312 million. These actions align with market optimism about artificial intelligence infrastructure spending and are also in response to strong quarterly earnings reports from Alphabet and Broadcom.
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On Thursday, ETFs under ARK Invest made significant trades. Among them, the ARK Next Generation Internet ETF (ARKW) bought 20,189 shares of AMD stock valued at $3.9 million, and also purchased shares of Alphabet and Broadcom. The ARK Autonomous Technology & Robotics ETF (ARKQ), combined with ARKW, bought a total of 87,148 shares of Broadcom stock worth $270.6 million, while selling 228,943 shares of Qualcomm stock valued at $312 million. These actions align with market optimism about artificial intelligence infrastructure spending and are also in response to strong quarterly earnings reports from Alphabet and Broadcom.