On Tuesday, Ark Invest, led by Cathie Wood, bought shares of Meta Platforms, Inc. (NASDAQ:META), Amazon.com Inc. (NASDAQ:AMZN) and CoreWeave, Inc. (NASDAQ:CRWV), while trimming its position in Space Exploration Technologies Corp. (NASDAQ:SPCX).
The Meta Platforms Trade
Ark Invest purchased 3,056 Meta shares through the ARK Fintech Innovation ETF (BATS:ARKF), and another 7,733 shares through the ARK Next Generation Internet ETF (BATS:ARKW). The combined purchase totaled 10,789 shares. Meta closed Tuesday at $738.88, down $3.02, or 0.41%. Based on that closing price, Ark’s combined Meta purchase was valued at approximately $8 million.
The transaction followed ongoing debate over whether Meta’s artificial intelligence investments can become a major growth engine or create costly infrastructure demands.
Early interest in Muse has supported expectations for additional advertising opportunities, while analysts continue to question the pace of monetization, the expense of AI workloads and the competitive environment surrounding the company’s strategy.
The Amazon Trade
Ark added 36,050 Amazon shares through ARKW on Tuesday. The purchase came as Amazon shares moved higher, with Tigress Financial Partners reiterating a Buy rating and maintaining a $385 price target for the company.
Amazon closed at $256.29, gaining $4.89, or 1.95%. At that price, Ark’s purchase represented approximately $9.2 million. Analyst Ivan Feinseth maintained Tigress Financial Partners’ Buy rating. Feinseth said Amazon’s AI investments were increasingly translating into higher returns, accelerating AWS growth, advertising revenue, shopping frequency and Prime engagement while expanding operating margins. He also highlighted agentic commerce, faster delivery, live sports and third-party sellers as additional growth drivers that could deepen Amazon’s competitive moat and boost returns on capital.
The CoreWeave Trade
Ark bought CoreWeave shares through two ETFs, adding 65,859 shares to The ARK Innovation ETF (BATS:ARKK) and 31,780 shares to ARKW. The combined purchase totaled 97,639 shares.
CoreWeave closed Tuesday at $91.72, up $4.33, or 4.95%. Using that closing price, Ark’s combined purchase was worth approximately $9 million. The move came as CoreWeave’s AI supercomputer rollout drew renewed analyst attention.
At its Fully Connected AI conference, CoreWeave highlighted the production launch of Nvidia’s Vera Rubin NVL72 platform. Cantor Fitzgerald analyst Brett Knoblauch said Cognition was the first customer to run production workloads on the system, reporting up to 4.8 times higher token throughput than Nvidia’s GB200 NVL72.
Knoblauch maintained an Overweight rating and a $176 price target for CoreWeave.
The SpaceX Trade
Ark sold 54,873 SpaceX shares through ARKW on Tuesday. Shares of the Elon Musk-led company closed at $171.92. At that closing price, the shares sold were worth approximately $9.4 million. The sale came as reports described a potential financing effort connected to the company’s planned Nvidia chip purchases.
The reported financing plan involves about $10 billion in bank loans and $30 billion in investment-grade debt, with Apollo Global Management leading the effort.
Other Key Trades:
- DraftKings Inc. (DKNG): ARKF sold 196,727 shares through ARKF.
- Purchased 425,784 shares of Genius Sports Ltd. (GENI) through ARKF.
- Archer Aviation Inc. (ACHR): ARKK, ARKQ and ARKX collectively bought 2,566,731 shares,
- Teradyne, Inc. (TER): ARKQ and ARKX sold a combined 61,547 shares,
- Joby Aviation, Inc. (JOBY): ARKQ and ARKX bought 753,330 shares.
- Robinhood Markets, Inc. (HOOD): ARKK and ARKW sold a combined 63,466 shares.
Benzinga Edge Stock Rankings indicate Meta stock has a Momentum score in the 83rd percentile and a Value score in the 46th percentile.
See More: Top Value Stocks
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: PJ McDonnell on Shutterstock.com