Cathie Wood's ARK Invest Boosts Tempus AI, Cuts Roku and Block

Cathie Wood's ARK Invest purchased $8.8 million worth of Tempus AI shares and reduced positions in Roku and Block. This marks a pivot toward AI health plays and away from streaming and payments. The buys flowed through the ARK Innovation ETF and ARK Genomic Revolution ETF, while the sells were made through the ARK Innovation ETF.

In a significant move, ARK Invest, led by Cathie Wood, recently acquired $8.8 million worth of shares in Tempus AI Inc. (TEM) while reducing positions in Roku Inc. (ROKU) and Block Inc. (BTC/USD) [1]. This strategic shift marks a pivot toward AI-focused healthcare plays and away from streaming and payments sectors.

On Wednesday, ARK Invest purchased a combined total of 150,563 shares of Tempus AI, with 19,582 shares added through the ARKG ETF and 130,981 shares through the ARKK ETF. The acquisition, valued at $8.8 million, was based on Tempus AI's impressive first-quarter financial results, which included revenue of $255.74 million, surpassing estimates [1].

Simultaneously, ARK Invest sold 96,503 shares of Block Inc. through the ARKK ETF, valued at $6.6 million. This move comes amidst recent developments at Block, including the unveiling of a new decentralized messaging service called Bitchat [1]. Additionally, ARK Invest sold 5,627 shares of Veeva Systems Inc. (VEEV) and 50,823 shares of Roku Inc. (ROKU) through the ARKG and ARKK ETFs, respectively [1].

This strategic pivot reflects ARK Invest's ongoing focus on AI and healthcare innovation. Cathie Wood's ARK Genomic Revolution ETF (ARKG) and ARK Innovation ETF (ARKK) have been instrumental in this shift. The purchases in Tempus AI and Beam Therapeutics (BEAM) exemplify ARK's commitment to investing in cutting-edge technologies with transformative potential [2, 3].

The reduction in positions in Roku and Block underscores ARK's strategic realignment. These moves signal a broader trend within the investment community, where AI-driven healthcare solutions are gaining traction over traditional streaming and fintech sectors [4].

In conclusion, ARK Invest's recent trades indicate a strategic pivot toward AI health plays. By acquiring Tempus AI shares and reducing positions in Roku and Block, ARK Invest is positioning itself to capitalize on the growing potential of AI-driven healthcare innovations.

References:
[1] https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/07/46334675/cathie-wood-dumps-jack-dorseys-block-as-bitcoin-flirts-with-all-time-highs-bets-8-8-million-on-tempus-ai
[2] https://finance.yahoo.com/news/cathie-woods-ark-loads-tempus-160046971.html
[3] https://www.benzinga.com/news/25/07/46381062/cathie-woods-ark-invest-continues-to-bet-on-tesla-offloads-kratos-defense-and-coinbase
[4] https://www.benzinga.com/news/25/07/46358788/cathie-wood-bets-another-1-million-on-tempus-ai-despite-jim-cramers-doubts-dumps-crypto-stocks-as-bitcoin-hits-fresh-new-highs