By TradingView
Publication Date: 2026-04-02 17:24:00
Cathie Wood’s ARK Invest sold about $27.8 million worth of Nvidia NVDA shares on March 26, as the fund manager rotated capital out of large-cap AI hardware stocks and into healthcare AI and cloud computing upstarts.
ARK disposed of 155,441 shares of Nvidia on March 26, its largest single-day reduction in the chipmaker this year, according trade disclosures.
Wood’s pivot reflects growing concerns about stretched valuations for AI infrastructure names as the Nasdaq Composite entered correction territory.
Wood’s logic is not that she is bearish on AI, said a market strategist who tracks ARK’s trades. She is rebalancing capital into areas she sees as earlier-stage opportunities, like AI-powered biotech and compute-as-a-service. ARK also began adding OpenAI to three of its ETFs this week, giving retail investors exposure to the closely-watched AI startup.
Most analysts remain bullish on Nvidia, with consensus price targets still implying significant upside. But Wood, known for early bets on Tesla and Bitcoin, is signaling that the next phase of AI value creation may lie not in chipmaking, but in application-layer intelligence and infrastructure leasing.