Nvidia (NVDA) Stock: Cathie Wood Buys $53 Million After Post-Earnings Dip

TLDR

• Cathie Wood’s ARK Invest bought 243,707 Nvidia (NVDA) stock units on August 28, valued at roughly $53 million, after the stock dropped 4.5% post-earnings.
• Nvidia reported Q2 adjusted EPS of $2.22 vs. $2.10 estimate, with revenue of $96.22 billion beating the $92.17 billion forecast.
• CFO Colette Kress guided for 70% revenue growth in fiscal 2028, well above the 44% analyst estimate.
• JPMorgan raised its Nvidia price target to $320, while Bank of America maintained a $350 target with a buy rating.
• ARK also sold 156,286 units of AMD on the same day, continuing a shift away from the chipmaker.

Cathie Wood made a big move last week. Her ARK Invest funds picked up 243,707 units of Nvidia (NVDA) on August 28, worth around $53 million based on the closing price of $217.55.

The buy came one day after Nvidia stock jumped nearly 9% on strong earnings, then pulled back 4.5%. Wood has a habit of using post-earnings dips to add to positions she believes in long term.

As of Monday morning, Nvidia stock was trading up 0.5% at $218.70 in premarket.

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