Cathie Wood boosts stake in Alphabet with 174,000-share buy

The post Cathie Wood boosts stake in Alphabet with 174,000-share buy appeared on BitcoinEthereumNews.com.

Cathie Wood is leaning harder into tech. On Tuesday, Ark Invest picked up 174,293 shares of Alphabet, the parent company of Google, spreading the buy across four of its exchange-traded funds; ARKK, ARKW, ARKQ, and ARKX. Cryptopolitan pegged Alphabet’s closing price at $323.64, meaning the total value of Cathie’s purchase stood at around $56.4 million. This also comes on the same day the Sundar Pichai-led company’s valuation crept closer to $4 trillion, helped by news that Meta might be switching to Google’s AI chips. Investors also piled in after buzz around Gemini, Google’s in-house AI model. Even with Alphabet surging, broader AI-related ETFs dipped as Nvidia, the usual driver, lost ground. Cathie’s team scattered orders across stocks tied to crypto, fintech, semiconductors, and AI infrastructure; some were buys, some were exits. But Alphabet got the largest ticket by far, and it wasn’t even close. Ark grabs Meta, dumps AMD, and buys into CoreWeave On the same day Cathie loaded up Alphabet, she also scooped 33,837 shares of Meta using her ARKF, ARKK, and ARKW funds. The trade, worth around $21.5 million, was priced off Meta’s $636.22 close. Meta’s stock gained 3.78%, despite U.S. senators calling for a full-blown investigation into how the company might have benefited from fraudulent ads. The Meta-Google chatter didn’t just move stocks. It also set off a reaction in the chip space. Advanced Micro Devices (AMD) dropped 4.15%, dragged by reports that Meta might stop using Nvidia GPUs in favor of Google’s tensor processing units. That same day, Ark bailed out of 106,651 AMD shares, dumping around $21.98 million across ARKF, ARKK, and ARKW. It wasn’t the only chip move. Ark also picked up 396,198 shares of CoreWeave, worth roughly $28.2 million at the closing price of $71.29. The buy ran through the ARKK and ARKW…