Cathie Wood’s ARK Bought $40 Million of Nvidia, Tesla, and SpaceX During Last Month’s AI Sell-Off. Was She Right to Buy the Dip? | The Motley Fool

Cathie Wood, the CEO of Ark Investment Management, is a believer in the power of innovation to enable companies to deliver outstanding returns. That’s why her investment firm continues to buy shares of companies that lead transformative industries such as artificial intelligence (AI), electric vehicles (EVs), and space travel. And on July 28, Ark Investment Management bought almost $40 million worth of shares of Nvidia (NVDA -2.86%), Tesla (TSLA +0.70%), and Space Exploration Technologies (SPCX +4.23%), as all three stocks were dropping. Was that a good move?

One of these is not like the others

Let’s start with Nvidia. Driven by its dominance in the GPU (Graphics Processing Unit) market, the company’s revenue has been growing rapidly for the better part of four years. In the first quarter of its fiscal year 2027, ended April 2026, Nvidia reported revenue of $81.6 billion, up 85% year over year. The company’s adjusted earnings per share (EPS) came in at $1.87, up 140% from the year-ago period.

Today’s Change

(-2.86%) $-6.41

Current Price

$217.55

Key Data Points

Market Cap

$5.4TMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Day’s Range

$216.77 – $224.14

52wk Range

$164.07 – $236.54

Volume

115.6M

Avg Vol

151.1M

Gross Margin

74.15%

Dividend Yield

0.13%

Management is projecting $91 billion in revenue (at the midpoint) for its upcoming second…