On Monday, Cathie Wood-led Ark Invest made significant trades involving Taiwan Semiconductor Manufacturing Co Ltd and Meta Platforms Inc.

The TSMC Trade saw Ark Invest making substantial purchases of the Taiwan-based chip giant’s shares. The Ark Innovation ETF and ARK Next Generation Internet ETF collectively acquired 197,776 shares. This move comes as TSMC collaborates with Nvidia and Foxconn to develop a powerful AI supercomputer in Taiwan. The partnership aims to enhance AI computing infrastructure in Asia, potentially boosting TSMC’s technological edge.

However, TSMC’s Arizona factory has faced challenges, incurring a $441 million loss due to supply chain and labor cost issues. On Monday, TSMC shares ended the day 0.4% lower at $193.50 in New York. Ark’s trade was valued at $3.83 million.

The Meta Platforms Trade involved Ark Invest reducing its holdings in the Mark Zuckerberg-led social media behemoth. The ARKK and ARKW ETFs sold a total of 101,251 shares. This decision coincides with Meta’s ongoing legal battles, including a plea to dismiss an FTC antitrust case. The case could significantly impact Meta’s market dominance. Despite these challenges, Meta has ambitious plans to generate up to $1.4 trillion in revenue from generative AI products by 2035. Meta shares ended the day at $640.43. Ark’s Meta sale was estimated to be worth $6.5 million.

Other Key Trades:

• ARKW sold 5,988 shares of Jack Dorsey-led Block Inc.

• ARKW bought 106,061 shares of GitLab Inc..

• ARKW sold 57,013 shares of CoreWeave Inc..

• ARKW bought 90,233 shares of Nextdoor Holdings Inc.

• ARKX bought 16,057 shares of Blade Air Mobility Inc. .