Ark Invest Makes Notable Trades in Amazon, AMD, Palantir, and Block

On Wednesday, Cathie Wood-led Ark Invest made some notable trades. The most prominent among these were in Amazon.com Inc AMZN, Advanced Micro Devices Inc.

Cathie Wood's Ark Invest made some notable trades on Wednesday. Among the prominent trades were those in Amazon.com Inc (NASDAQ:AMZN), Advanced Micro Devices Inc (NASDAQ:AMD), Palantir Technologies Inc. (NYSE:PLTR), and Block Inc (NYSE:SQ).

Here's a brief overview of each trade:

Amazon Trade: Ark Invest bought 82,735 shares of Amazon. This move comes in the wake of Amazon's recent $8 billion investment in artificial intelligence research and development company Anthropic. As part of the investment, Anthropic named Amazon Web Services as its primary training partner and cloud provider. The investment is expected to be mutually beneficial. Based on the closing price of $205.74, the value of the trade is approximately $17.02 million.

AMD Trade: Ark Invest also purchased 127,363 shares of Advanced Micro Devices Inc. through ARKK and ARKX. Despite the company's recent struggles, Ark Invest seems to be seeing potential in the tech giant. The value of the trade, calculated from the closing price of $136.24, is approximately $17.35 million.

Palantir Trade: Ark Invest sold 100,804 shares of Palantir Technologies Inc. through ARKK. This sale comes as Wedbush analyst Dan Ives recently maintained a $75 price target on Palantir, highlighting strong growth potential amid the AI revolution. The value of the trade, based on the closing price of $66.05, is approximately $6.66 million.

SQ Trade: Ark Invest sold shares of Block Inc., formerly known as Square Inc. The value of the trade, calculated from the closing price of $88.78, is approximately $9.82 million. Ark invested in the Bitcoin (BTC) chain-focused firm through ARKK.

Ark Invest shared Bitcoin price targets for 2030, ranging from $258,500 (bear case) to $3.8 million (bull case), based on corporate adoption. A Benzinga poll showed only 17% believe the $3.8 million target is achievable by 2030, with many seeing it as unlikely or delayed. Wood highlighted regulatory clarity and institutional demand as key drivers for Bitcoin’s future growth.

Other Key Trades:

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