Cathie Wood Boosts NVIDIA Stake Amid AI Project Concerns

Cathie Wood's Ark Invest has purchased $2 million worth of NVIDIA Corp shares despite concerns over the company's Stargate AI project. The move comes as NVIDIA's stock declined following reports of delays in the project. Ark Invest acquired 11,973 shares through its ARK Space Exploration & Innovation ETF.

Cathie Wood's Ark Invest has significantly increased its stake in NVIDIA Corp (NVDA), purchasing $2 million worth of shares through its ARK Space Exploration & Innovation ETF (ARKX). The move comes amidst concerns surrounding NVIDIA's involvement in the Stargate AI project, which has faced delays and operational challenges [2].

NVIDIA's stock price has experienced a decline following reports of significant disagreements between OpenAI and SoftBank regarding the operational control and execution of the ambitious Stargate AI project. The project, initially envisioned as a massive $500 billion initiative for building AI infrastructure, has faced severe delays due to fundamental clashes between OpenAI CEO Sam Altman and SoftBank founder Masayoshi Son [2].

Despite these challenges, Ark Invest has chosen to bolster its position in NVIDIA. On Tuesday, July 2, 2025, the ETF acquired 11,973 shares valued at approximately $2.05 million. This move aligns with Ark Invest's strategy of focusing on innovative and disruptive technologies, including AI and robotics [1].

The purchase of NVIDIA shares by Ark Invest is part of a broader trend within the ETF, which has been making significant moves in the AI and robotics sector. On the same day, Ark Invest also sold $3.3 million worth of Rocket Lab USA (RKLB) stock and $2.5 million worth of Meta Platforms (META) shares, suggesting a shift in focus away from certain sectors to allocate capital to more promising areas within AI and robotics [1].

The ARK Autonomous Technology & Robotics ETF (ARKQ), which includes over 30 companies involved in various specialty areas under the theme of AI and robotics, continues to deliver strong performance. The fund has advanced more than 50% over the past year and more than 300% since its inception about a decade ago [1].

Investors should consider the potential of these ETFs as the story of autonomous technology and robotics continues to evolve. The recent trades by Ark Invest underscore the fund manager's commitment to these sectors, which are expected to generate significant growth in the coming years.

References:
[1] https://www.ainvest.com/news/cathie-wood-10m-bet-ai-robotics-teradyne-nvidia-amd-2507/
[2] https://finance.yahoo.com/news/elon-musk-says-simply-dont-121002971.html