Cathie Wood’s ARK Invest Drops $54 Million on SpaceX, Nvidia and Circle in One Day

TLDR

• ARK Invest bought over $54.6 million worth of SpaceX, Nvidia and Circle shares on August 5
• SpaceX was the largest purchase at $19.69 million, followed by Circle at $17.30 million and Nvidia at $17.63 million
• SpaceX reported Q2 revenue of $7.8 billion but posted a net loss of $541 million
• Circle’s Q2 revenue of $701 million missed estimates but earnings per share beat expectations
• Nvidia earnings are due August 26, with analysts projecting revenue of around $91.8 billion

Cathie Wood’s ARK Invest spent over $54.6 million buying shares of three companies on August 5: Space Exploration Technologies, Nvidia, and Circle Internet Group.

The purchases were spread across several ARK funds, including ARKK, ARKQ, ARKW, ARKF, and ARKX.

SpaceX was the biggest buy of the day. ARK picked up 181,830 shares worth roughly $19.69 million, based on a closing price of $108.27. SpaceX shares fell 13.61% on the day.

Space Exploration Technologies Corp., SPCX

Nvidia came in as the third largest purchase by value. ARK bought 80,415 shares worth about $17.63 million. Nvidia shares rose 3.43% on the day, closing at $219.22.

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