On Tuesday, Cathie Wood-led Ark Invest made notable trades involving Amazon.com Inc. AMZN, Pony AI Inc. PONY, and Archer Aviation Inc. ACHR. These trades reflect Ark’s strategic positioning in key sectors, including e-commerce, autonomous driving, and aviation technology.

The Amazon Trade

Ark Invest’s ARK Space Exploration & Innovation ETF ARKX fund acquired 6,486 shares of the Jeff Bezos-founded e-commerce giant, valued at approximately $1.44 million based on the closing price of $221.47.

Amazon recently unveiled its second-quarter earnings report, which showcased a “double beat” and ongoing advancements in artificial intelligence across its operations. The e-commerce giant’s robust performance continues to attract investor interest, reinforcing its position as a leader in the tech sector.

The Pony AI Trade

The ARK Autonomous Technology & Robotics ETF ARKQ fund made a significant purchase of 898,930 shares of Pony AI, with a total value of approximately $12.9 million, based on the closing price of $14.36.

This acquisition comes amid Pony AI’s announcement of a 75.9% year-over-year increase in sales, driven by the expansion of its Robotaxi services. The company’s growth trajectory and advancements in autonomous driving technology have positioned it as a key player in the industry. 

The Archer Aviation Trade

Ark Invest’s ARK Innovation ETF ARKK, ARKQ, and ARKX funds collectively purchased a total of 330,122 shares of the eVTOL company, valued at approximately $3.4 million, based on the closing price of $10.25.

Despite a disappointing second-quarter report, Archer Aviation’s shares gained traction, with analysts noting potential revenue streams on the horizon. This investment underscores Ark’s confidence in the company’s future prospects in the aviation sector. 

Other Key Trades:

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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal