This article first appeared on GuruFocus .
ARK Invest shifted money into crypto, AI hardware and aviation names during the week ended May 22, while trimming exposure to streaming and chip stocks.
Cathie Wood's firm added about 369,970 shares of Bullish (BLSH) and 124,910 shares of Cerebras Systems ( NASDAQ:CBRS ) across several ETFs. The purchases came after Bullish eased following earnings and Cerebras remained volatile after its May 14 debut.
ARK Invest also increased positions in JD Logistics (JDLGF), Archer Aviation ( NYSE:ACHR ), Joby Aviation (JOBY) and Twist Bioscience ( NASDAQ:TWST ). Smaller additions were made in Nvidia ( NASDAQ:NVDA ) and Tesla ( NASDAQ:TSLA ), extending ARK's focus on AI-linked and innovation-heavy names.
To fund those buys, ARK Invest reduced stakes in Roku ( NASDAQ:ROKU ), Rocket Lab ( NASDAQ:RKLB ), Advanced Micro Devices ( NASDAQ:AMD ), Teradyne ( NASDAQ:TER ) and Taiwan Semiconductor Manufacturing (TSM). The biggest sale was Roku, with 164,170 shares offloaded, underscoring Wood's continued rotation away from legacy streaming and into newer growth themes.
