ARK Fund shifts investment to SpaceX, sells AMD shares

KuCoinFlash

Release Time: 06/13/2026 06:52:21

Summary

On June 12, 2026, ARK Investment Management’s ARK fund adjusted its crypto investment strategy, purchasing 3,291,184 shares of SpaceX for $444,309,840. The fund sold 80,536 shares of AMD across ARKQ, ARKW, and ARKX for $39,337,809. The move reflects a recalibrated risk-to-reward ratio, favoring space technology over semiconductors.

Odaily Planet Daily report: On Friday, June 12, 2026, Cathie Wood’s ARK Investment Management disclosed its daily trading activity, revealing a significant shift in its investment strategy.

Its multiple ETFs collectively purchased 3,291,184 shares of SpaceX, with a total transaction value of $444,309,840, signaling growing interest in the space technology sector. Meanwhile, Ark significantly reduced its position in AMD (AMD.O), selling a total of 80,536 shares across its ARKQ, ARKW, and ARKX ETFs, amounting to $39,337,809, continuing its trend of reducing holdings in AMD. (Jinshi)

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