By Logan Hitchcock
Publication Date: 2026-03-27 15:18:00
Ark Invest, the investment firm of notable tech investor Cathie Wood, shed millions of dollars’ worth of shares of major tech stocks on Thursday, significantly trimming positions in Nvidia and Meta while also diminishing its exposure to Bitcoin via its own Bitcoin ETF.
The firm’s Thursday activity saw it part with nearly $41 million worth of Meta (META) and more than $26 million in Nvidia (NVDA), both of which have fallen further since the opening bell on Friday, dropping 2.98% and 1.55%, respectively.
The prominent tech stocks have fared much worse over the last month, with META dropping more than 17% over that time to change hands around $531. The bulk of those losses—around 10%—have come in the last week as the social media platform lost a pair of social media addiction lawsuits that said it failed to protect young users.
Nvidia has held up better, but still dipped around 5% in the last month as uncertainty surrounds the conflict in Iran. The firm was also hit with a class action lawsuit over alleged crypto mining revenue gaps.
The actively managed ARK ETFs also saw considerable decreases in other popular tech stocks, like Google parent Alphabet (GOOG) and Advanced Micro Devices (AMD), which it sold around $2.5 million and $7.5 million worth of, respectively. The pair have not been spared in Friday trading, dropping 1% and 2.27% since trading began.
Beyond the tech stocks, Ark Invest also divested from some crypto exposure on…
