Cathie Wood buys $45.9M Nvidia, sells $119.7M Broadcom
ARK Invest, led by Cathie Wood, executed a significant swap in its semiconductor holdings on November 5, 2026. According to TipRanks, the fund bought 252,592 shares of NVIDIA for an estimated $45.9 million while simultaneously selling 410,559 shares of Broadcom valued at $119.7 million. ARK provided no specific rationale for the trades, which occurred during a sharp selloff in chip stocks…
Key points
- ARK Invest bought $45.9 million of NVIDIA and sold $119.7 million of Broadcom on Nov. 5.
- NVIDIA fell 9.26% and Broadcom dropped 10.43% on election-related data center concerns.
- NVIDIA reported $96.22 billion in revenue; Broadcom’s AI revenue rose 221% year-over-year.
The market reaction was driven by concerns that the new Democratic majority might impose stricter oversight on data center construction, potentially delaying projects due to electricity and water usage issues. Despite the political headwinds, both stocks rebounded in premarket trading on Friday. NVIDIA closed Thursday at $181.60, down 9.26%, while Broadcom fell 10.43% to $291.53.
Fundamentals remain strong for both companies. NVIDIA reported fiscal Q2 2027 revenue of $96.22 billion, with data centers accounting for $89.02 billion. Broadcom’s AI semiconductor revenue hit $16.70 billion in its fiscal third quarter, up 221% year-over-year. Analysts remain bullish, with TipRanks citing average price targets that imply substantial upside for both firms, though the trades signal a short-term shift in ARK’s risk exposure toward NVIDIA.
The story so far
7 episodes →- Cathie Wood buys $45.9M Nvidia, sells $119.7M Broadcomthis story
Cathie Wood Is Buying The Dip In Nvidia As She Adds $45.9 Million Of NVDA And Sells $119.7 Million Of Broadcom
247wallst.com · 6 November 2026
Loading the full article…
This text was published by 247wallst.com and written by AJ Tiarsmith. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.
More in Business & Funding
All →- OpenAI CFO says it will keep investing in AI data centers despite election backlash · 4 src
- Anthropic IPO valuation drops to $1.2T–$1.3T amid AI stock selloff · 7 src
- Big Tech plans at least $720 billion AI spending this year; Anthropic commits $895 billion through 2045 · 5 src
- Oracle scrapped a ~$7B deal to lease ~100K advanced AI chips to Tencent, Sources say · 2 src
- Meta files for $X senior notes to fund AI infrastructure expansion · 3 src
Comments
via GitHub Discussions