Cathie Wood Buys $30M Cloudflare and $27M Nvidia While Dumping $60M Deere
TLDR
- Ark Invest bought $29.9M in Cloudflare after the stock jumped 16% on strong Q2 results
- Nvidia received a $26.9M combined investment across multiple Ark funds
- Cerebras Systems and Rocket Lab also saw major purchases of $24.5M and $23M respectively
- Deere was the biggest sell of the week at nearly $60M, followed by Shopify at $22.8M
- Cloudflare trades at a Price-to-Sales ratio of 44.25x, which GuruFocus flags as 68.7% overvalued
Cathie Woodโs Ark Invest made a strong move into AI infrastructure and cloud technology last week, with Cloudflare taking the top spot as its biggest purchase.
Ark added a combined $29.9M in Cloudflare across its funds after the company posted strong Q2 results that sent the stock up over 16%. Several Wall Street firms praised the results and the companyโs guidance.
Cloudflare offers security and web performance solutions through its content delivery network. Its edge computing platform lets clients run code without managing servers, placing it at the center of cloud infrastructure growth.
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