Cathie Wood Just Spent $8.4 Million On This Top Chip Stock (And It's Not NVIDIA)

Benzinga
05-21

On Tuesday, Cathie Wood-led Ark Invest made notable trades, prominently acquiring shares of  Taiwan Semiconductor Manufacturing. This strategic move involved significant purchases across multiple Ark ETFs, reflecting a strong belief in TSMC’s future potential.

The TSM Trade: Ark Invest’s acquisition of TSMC shares on Tuesday was substantial, with the  ARK Innovation ETF purchasing 27,099 shares and the  ARK Next Generation Internet ETF acquiring 16,172 shares. On Tuesday, Taiwan Semiconductor stock was largely unmoved at $193.45. The Ark trades were valued at $8.4 million. Earlier, on Monday, Ark had picked up $3.83 million worth of TSMC stock.

TSMC’s ongoing collaborations with  Qualcomm and other original design manufacturers in Taiwan further highlight its pivotal role in advancing next-generation mobile and AI chips. Qualcomm’s chief, Cristiano Amon, emphasized the importance of TSMC in their supply chain ahead of the Computex trade show. This partnership is expected to solidify TSMC’s position as a leader in the semiconductor industry.

Other Key Trades:

  • Sold 1,300 shares of UiPath Inc. (PATH) from the ARK Fintech Innovation ETF (ARKF).

  • Bought 84,478 shares of Nextdoor Holdings Inc (KIND) through the ARK Next Generation Internet ETF (ARKW).

  • Acquired 839 shares of Blade Air Mobility Inc (BLDE) via the ARK Space Exploration & Innovation ETF (ARKX).

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10