ARK Invest buys $40M in Tesla, SpaceX, and Nvidia during market rout

Cathie Wood’s ARK Invest bought about $40.2 million in Tesla, SpaceX and Nvidia shares on July 28 as a global technology sell-off hit AI and semiconductor stocks. Summary ARK Invest purchased 40,281 Tesla shares worth about $12.38 million across four ETFs. The firm added 105,108 SpaceX shares, valued at approximately $12.24 million. Five ARK funds bought 78,965 Nvidia shares worth roughly $15.56 million. ARK also invested about $32,667 in the 3iQ Solana Staking ETF. ARK Invest adds Tesla, SpaceX and Nvidia shares ARK Invest spread its Tesla purchases across four exchange-traded funds, according to the firm’s daily trade disclosures. The ARK Innovation ETF (ARKK) bought 26,920 Tesla shares, the largest portion of the purchase. ARK Autonomous Technology & Robotics ETF (ARKQ) acquired 5,785 shares, while ARK Next Generation Internet ETF (ARKW) and ARK Space & Defense Innovation ETF (ARKX) added 5,119 and 2,457 shares, respectively. The 40,281 Tesla shares were worth about $12.38 million based on the stock’s July 28 closing price of $307.44. ARK also purchased 105,108 SpaceX shares across the same four funds. ARKK acquired 70,773 shares, followed by 15,213 for ARKQ, 9,426 for A...