Cathie Wood’s Ark Sells AMD, Buys Coreweave - May 9

The Story

ARK Invest, led by Cathie Wood, reported portfolio changes that cut its $AMD exposure while initiating or increasing positions in CoreWeave and Kratos ($KTOS), according to recent filings. The update shows large percentage shifts across positions, including figures of 72.83%, 198.70% and 0.16%.

Why It Matters For Your Portfolio

• ARK trimmed $AMD exposure by 72.83%, per filings, which could reduce the fund's sensitivity to semiconductor cyclicality and pressure momentum-related flows into $AMD.
• CoreWeave exposure jumped by 198.70%, signaling ARK's greater allocation to AI infrastructure and providing a new valuation data point for cloud GPU plays.
• Kratos ($KTOS) shows a 0.16% change in ARK's reported holdings, a small but notable move into defense and aerospace exposure that diversifies thematic risk.
• Multiple data points are now available for valuation analysis, including the three percentage changes above, which you can use to compare price-to-sales or forward growth assumptions across names.

The Trade

If you track thematic rotation, this matters: growth and AI-focused investors should note the larger CoreWeave move, while income or defense-focused investors may pay attention to the Kratos position. Short-term traders may watch price reaction and liquidity heading into the long weekend, and longer-term investors should monitor upcoming ARK filings and company earnings for validation. Which catalysts will confirm ARK's rotation into AI infrastructure versus semiconductors?