Cathie Wood’s innovation-focused ARK Invest has sold off a large number of shares in several companies to load up on one Big Tech stock.

Data from Cathiesark.com, which tracks the investment firm’s equity holdings and trades, shows that ARK Invest sold $6.3 million worth of top US crypto exchange Coinbase (COIN) on July 10th.

The firm also sold $5.6 million worth of trading app giant Robinhood on July 10th and $8.5 million worth of streaming platform Roku (ROKU) between July 10th and July 11th.

Other recent large ARK Invest sales include $1.8 million of electric aircraft maker Archer Aviation (ARCHR) on July 11th and $8.3 million in digital-payments company Square (XYC) between July 9th and July 10th.

Amid the large sales, ARK Invest purchased a whopping $14.2 million worth of electric vehicle manufacturer Tesla (TSLA) on July 11th.

ARK Invest’s top single holding is Coinbase at $881.4 million, while Tesla is in second at $865.1 million.

Ark Invest’s third-largest holding is in Roku at $674.4 million, followed by Robinhood at $636.1 million.

Ark CEO Cathie Wood said in a CNBC interview this month that the stock market is likely entering a strong bull run, while predicting a US economic recovery once the Fed cuts rates.

“We have been climbing a wall of worry. A lot of people expected tariffs and wars and the controversy between the Fed and the President to really shake markets up.

And of course, there has been some volatility. But these are the kinds of bull markets that I think are the most durable, when the market climbs through all of that controversy. It’s really signaling something. And I think the things that it’s signaling are: interest rates probably are coming down… we’ll move from a rolling recession into a recovery.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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As CEO and chief investment officer of Ark Invest, Cathie Wood might be best known for her high conviction in speculative opportunities across industries such as genomics and cryptocurrency.

When it comes artificial intelligence (AI), many of Ark’s biggest positions are in volatile stocks such as Tesla and Palantir Technologies. Over the last couple of months, however, Wood has quietly been rounding out her exchange-traded funds (ETFs) with semiconductor stocks.

Let’s explore two AI chip stocks that have recently become rising stars in the Ark portfolio. Is now the time to follow Wood’s moves? Read on to find out.

1. Advanced Micro Devices

While Advanced Micro Devices (AMD -0.45%) has been part of Ark’s portfolio for quite some time, the investment firm began aggressively adding to its position throughout late April and most of May.

According to public trading data, Ark added approximately 800,000 shares of AMD between June 17 and 30. The position is spread across the Ark Autonomous Technology & Robotics ETF, Ark Next Generation Internet ETF, Ark Fintech Innovation ETF, and Ark Innovation ETF. As of this writing, AMD has now become the 11th biggest position for Ark Invest overall.

In fairness, AMD’s rise at Ark has been influenced by some pronounced share price gains in recent weeks too. Since Ark began adding to its AMD position in late April, shares have gained roughly 61%.

In my eyes, AMD’s recent gains can be tied to the company’s accelerating data center business as well as bullish anticipation for its new AI accelerators during the second half of this year.

Data by YCharts.

Nevertheless, even with such a massive move in the share price, AMD trades for roughly 36 times forward earnings. Although this isn’t exactly cheap, shares of AMD are well within their usual valuation range.

My hunch is that AMD is still being discounted by some investors, primarily due to the enormous competitive threat the company faces from Nvidia.

Considering how much momentum is fueling AMD stock right now, I think I’d sit on the sidelines for the time being. To me, the company’s long-term prospects are somewhat ambiguous so long as Nvidia remains king of the chip industry. While there is likely still good money to be made in AMD stock, there are more reasonable price points to build a position.

Image source: Getty Images.

2. Taiwan Semiconductor Manufacturing

Ark complemented its AMD purchases with some exposure to Taiwan Semiconductor Manufacturing (TSM 0.75%) back in May. The firm doubled down on this decision by adding over 190,000 shares of TSMC throughout June.

I see TSMC as the most interesting opportunity within the broader chip landscape. Unlike Nvidia, AMD, Broadcom, or the cloud hyperscalers, TSMC doesn’t specialize in designing its own chipsets. Rather, the company offers industry-leading fabrication services that bring semiconductor designs to life.

This puts TSMC in a unique position as the company stands to benefit from rising spend in AI infrastructure over the coming years, regardless of which specific chipsets are witnessing the most demand.

Looked at another way, investors in TSMC need not overanalyze which chip company will sell the most graphics processing units (GPUs). Rather, an investment in TSMC could be viewed similarly to a call option on ongoing investment in data center infrastructure and AI chips for the long term.

Data by YCharts.

While TSMC has witnessed some notable valuation expansion throughout the AI revolution, the company’s forward price-to-earnings (P/E) multiple of 25 is still reasonable. Unlike AMD, I do not think rising competition is what concerns investors over a position in TSMC, though.

Rather, it’s geopolitical tensions with China that give way to uncertainty over TSMC’s growth prospects. Given the company’s ongoing investments in geographic expansion, though, I think the concerns over China are exaggerated and likely baked into the stock at this point.

As I wrote a few weeks ago, TSMC might be the best bargain in the AI market right now. Compelling secular tailwinds, combined with an industry-leading position in the fabrication market, strong institutional backing, and a reasonable valuation, make TSMC a no-brainer for long-term investors.

Cathie Wood’s ARK Invest has increased its Circle selling spree as CRCL stock surged nearly 250% since its public debut.

ARK dumped another 609,175 Circle shares from its three funds for $146.2 million on Friday, according to a trade notification seen by Cointelegraph.

The sale came amid a 20.4% jump in the company’s shares on Friday, closing at $240.3, or 248% above the opening price of $69 on the New York Stock Exchange on June 5.

The most recent dump marked the third sale by ARK in the past trading week, with all three sales totaling 1.25 million CRCL shares, netting roughly $243 million based on the daily closing prices.

ARK sells about 300,000 CRCL shares daily

ARK’s latest Circle stock sale involved transactions from the three ARK funds, including the ARK Innovation ETF (ARKK), ARK Next Generation internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF).

The largest fund, ARKK, sold 490,549 CRCL shares, while ARKW and ARKF offloaded 75,018 shares and 43,608 shares, respectively.

The company sold $45 million on Tuesday, after making another $52 million sale on Monday.

Related: Stablecoins will soon have their ‘iPhone moment,’ Circle CEO

ARK is the 8th largest holder of Circle

ARK’s total sale of Circle shares over the past week represents nearly 29% of the company’s 4.49 million CRCL shares it purchased at Circle’s public launch on June 5.

Despite the massive sale, ARK remains one of the largest CRCL holders, ranking the eighth largest investor as of June 20, 3:00 pm UTC, according to Bloomberg Terminal data.

According to the data, Beijing-based IDG-Accel China Capital Fund II is the largest Circle holder with 23.3 million shares, followed by General Catalyst Group Management and James Breyer, holding 20.1 million shares and 16.7 million shares, respectively.

ARK continues to hold $750.4 million worth of Circle shares as of June 20, with CRCL becoming the top holding in the ARKW fund with a weight of 7.8%.

Magazine: Bitcoin’s invisible tug-of-war between suits and cypherpunks

Everyone (including us) keeps screaming and shouting about how successful Circle’s IPO was.

Well, it’s hard not to talk about it – CRCL jumped about 170% on Day 1, and people took it as a sign that Wall Street’s getting more open to crypto-related companies.

Then, kachow – this headline drops:

Cathie Wood’s ARK Invest sold nearly $100M worth of Circle shares.

Wait… is this the end? Is Circle cooked? Did ARK just call the top??

*Starts running around in panic*

Hold up. Take a breath. This looks scary, but it’s not necessarily a red flag.

Here’s what’s actually happening:

Circle’s stock absolutely ripped after going public – again, +170% on the first day, and +543% as of now.

ARK probably just wanted to lock in some short-term gains while it’s still hot. Completely normal.

Also, context: they bought over 4M CRCL shares. What they sold is just 14% of that. So, they aren’t bailing – it’s a trim.

ARK does this kind of thing all the time. Get in early, take partial profits, stay flexible.

Now, if more big investors started selling – or if retail investors got scared – then, yes, we would have a problem. But so far, no other major Circle backers have reported selling.

Plus, Circle’s business fundamentals haven’t changed, so the company is definitely not falling apart:

• USDC is still on top with $61B in circulation, and Circle earns interest on those reserves;

• The GENIUS Act is moving forward, and if it passes, it would legitimize US-issued stablecoins.

If you’re looking for real red flags, keep an eye on these:

Big volume + multiple institutions selling. One big seller could be noise. A crowd rushing for the exit? That’s a sign.

How CRCL behaves as we get closer to July 19, aka options expiration day, when investor contracts on the stock will expire. That can cause extra price swings, so if CRCL holds around $150 – $160, we’re good.

Insider sales after December. That’s when the post-IPO lock-up period ends, and company execs are finally allowed to sell their shares. If a lot of them start selling – you’ll see that in SEC Form 4 filings – they’re probably not confident in the company’s future, and you should start paying attention.

Until then, let’s not lose our minds.

ARK Invest chief executive Cathie Wood believes the electric vehicle giant Tesla (TSLA) can hit an astronomical valuation by 2030.

In an interview on The Diary of a CEO YouTube channel, Wood says she sees TSLA surging 744% in half a decade, spurred by the firm’s robotaxi platform.

According to Wood, Tesla’s fleet of autonomous vehicles will become the centerpiece of the company’s business strategy in the coming years.

“Our prediction in five years is $2,600, and 90% of that valuation comes not from the electric vehicle, but from this robotaxi platform.

Because the electric car, if you think about it, is a one-shot sale. Sell and hope they come when they’re replacing their car.”

During the firm’s Q4 2024 earnings call, CEO Elon Musk explained how Tesla owners can generate income by renting out their full self-driving vehicles instead of just parking them when not in use.

“And I expect us to be operating unsupervised activity with our internal fleet in several cities by the end of the year. Then as probably next year when people are able to add or subtract their car from the fleet. So, kind of like Airbnb, where you can sort of add or subtract your house or your guestroom, add it to the Airbnb or don’t add it to the Airbnb inventory. If you’re traveling for a month, you can or whatever the case may be, you can let other people use your house.”

For now, Wood says that Tesla has two options to generate recurring revenue for both the company and the vehicle owner.

“You could subscribe to the network. It could be either or: subscription or à la carte if you don’t think you’re going to use it that much.”

As of Monday’s close, TSLA is worth $308 per share.

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ARK Invest CEO Cathie Wood says that Bitcoin (BTC) is likely to continue surging higher based on its performance against one red-hot commodity.

In a new YouTube update, Wood shares a Bitcoin-to-gold chart that she says is still in an uptrend, partially due to BTC’s “anti-fragile” nature in recent years.

“This uptrend has not been broken. Again, this aligns with the net bullish risk-on kind of market that we think we’re in, and I guess you could call the markets anti-fragile, which is a description used in Bitcoin. It’s been able to withstand all kinds of turmoil and we think that the markets, the equities markets, are following Bitcoin in this regard.”

Wood is also optimistic about the crypto industry given regulatory clarity from the Trump administration and what she believes is an incoming reconfiguration of the financial services space.

“We think this is a very powerful movement. We think the financial services sector is going to reconfigure completely in the next five to ten years, and that of course Bitcoin and now Circle and of course Coinbase as well. Robinhod, [and] others… SoFi is now moving back into crypto in a big way now that regulatory clarity is here. So, thank goodness for that.”

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Cathie Wood, the CEO of asset management firm Ark Invest, has backed Bitcoin (BTC) to achieve a $1.5 million price point by 2030. The American investor and cryptocurrency advocate has based this projection on multiple factors, including rising institutional investment and global recognition of Bitcoin’s ability to serve as a store of value.

The Building Blocks To Bitcoin Glory

In a recent interview with CNBC, Cathie Wood shared Ark Invest’s future projections for BTC as prepared by the company’s market analyst, David Puell. In a base case scenario, Wood explains that Ark Invest predicts Bitcoin to hit a price target of $700,000 – $750,000 by 2030, with the potential to trade as $1.5 million in a bull case.

According to the BTC proponent, these figures are plausible based on certain factors likely to serve as the building blocks to Bitcoin’s dominance. Firstly, Cathie Wood talks about the asset’s potential to seize some portions of the gold market share or attract its market as more investors begin to view the cryptocurrency as a store of value.

Notably, Bitcoin has gained more credibility and recognition in recent years following investments from traditional financial institutions and regulatory policy focus by governments across the world. In the US, this focus has resulted in multiple developments, with the launch of the US BTC Spot ETFs being the most significant.

Despite being in existence for only 17 years, Bitcoin ranks as the sixth most valuable asset, ahead of commodities like silver and companies such as Saudi Aramco, Meta, and Tesla, among others. Furthermore, Cathie Wood emphasizes that institutional investment and adoption of BTC are still in the early stages.

It is expected that the creation of a federal regulatory crypto framework and the continuous removal of operational bottlenecks under the Donald Trump Administration would spur an institutional embrace of Bitcoin due to not only its potential as a haven but also the possibility of significant returns due to the crypto market volatility.

1 Million BTC Remains Untouched

In supporting Ark Invest’s audacious Bitcoin prediction, Cathie Wood also highlights the fact that there are still over 1 million Bitcoin tokens yet to be minted. This indicates that there is still an adequate market supply to match the expected institutional demand.

Finally, the Ark Invest CEO mentions the emerging market use cases of BTC, such as a tool for inflation hedge, cross-border transactions, and activist donations, amongst others as part of the value drivers of this asset. 

At the time of writing, the premier cryptocurrency is trading at $103,312, reflecting a 22.62% gain in the last month.

Featured image from Pexels, chart from Tradingview

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ARK Invest CEO Cathie Wood is staying committed to her bullish outlook on Bitcoin (BTC), saying that the top digital asset still has much further to climb.

In a new interview on CNBC Television, Wood says Bitcoin has “miles to go” before it peaks due to a combination of dwindling supply and rising interest from institutions.

According to Wood, her base-case price target of the flagship digital asset in 2030 is between $700,000 and $750,000, while her bull case target is around $1.5 million. A rise to Wood’s base-case price would represent about a 573% increase from current levels.

“Our analyst and our on-chain analyst put [out a] piece recently, and you can see the building blocks, how much share we expect Bitcoin to either take from gold or grow that store-of-value market, institutions moving in – and they’ve barely moved in, we have a million more coins, roughly, to be minted ever, and institutions are just testing the waters right now – and then there’s the emerging market use cases as well.

So we think we have miles to go.”

Last January, ARK Invest launched its ARK 21Shares Bitcoin ETF (ARKB), a BTC-based exchange-traded fund (ETF). Data from Bitcoin Treasuries shows that ARK currently holds 48,363 Bitcoin worth about $5 billion.

Bitcoin is trading for $103,970 at time of writing, up 9.9% in the last seven days.

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ARK Invest CEO Cathie Wood says that Bitcoin (BTC) remains on track to hit a price target of at least $700,000 within years.

In a new interview on CNBC’s Squawk Box, Wood says ARK continues to predict Bitcoin will increase at least 580% of its current value by 2030.

“We have always had a 2030 target, the base case in the $700,000 to $750,000 range, the bull case in the $1.5 million range.”

Wood says there are three driving factors behind the massive Bitcoin price prediction.

“David Puell, our analyst and our on-chain analyst, put that piece out recently, and you can see the building blocks, how much share we expect Bitcoin to either take from gold or grow that store-of-value market, institutions moving in – and they’ve barely moved in, we have a million more coins, roughly, to be minted ever, and institutions have are just testing the waters right now – and then there’s the emerging market use cases as well. So we think we have miles to go.”

Wood also says that the US has been in a recession, but that it will soon come to an end after there’s more clarity around President Trump’s tariff negotiations, opening up the door for massive economic growth, in part driven by advances in artificial intelligence (AI).

“I just put out a letter talking about the rolling recession we’ve been in for the last three years, since the Fed jacked up rates. We got a negative quarter in the first quarter, and potentially in the second quarter as well. And I think more and more people are getting concerned about an extended recession, and amid all the uncertainty, we actually think we’re at the end of this rolling recession, and that we are moving into a period, after all of this uncertainty, of much greater productivity.

And interestingly, if you look at the government sector, we’re seeing unbelievable productivity moves taking place. There’s a video out there between the new head of the FDA (U.S. Food and Drug Administration), and the new head of CDER (Center for Drug Evaluation and Research), and they’re talking about generative AI in reviewing studies, medical trials, that cut work from days to minutes. So there’s a lot of productivity I think evolving in the ecosystem…

I think we’re going to see a lot more productivity driven growth, which means inflation is going to be much lower than expected, which is going to be very capital friendly.”

Bitcoin is trading for $102,811 at time of writing, up 2.4% in the last 24 hours.

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