On Tuesday, Cathie Wood-led Ark Invest made notable trades involving Amazon, Pony AI, and Archer Aviation. These trades...

On Tuesday, Cathie Wood-led Ark Invest made notable trades involving Amazon, Pony AI, and Archer Aviation. 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 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 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.
Read more at benzinga.com
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