By Piyush Shukla
Publication Date: 2026-11-06 18:34:00
Why is Cathie Wood buying SpaceX and Nvidia stocks during the AI market crash while selling $120 million in Broadcom? Wall Street is questioning how much money technology companies can continue to spend on artificial intelligence. Cathie Wood is taking a different approach. ARK Invest bought nearly $49 million in SpaceX and $46 million in Nvidia after both stocks plunged on Thursday. But it also sold $119.7 million in Broadcom and another $20 million in CoreWeave.
The transactions came on November 5, when concerns about AI spending, data centre construction and political regulation triggered one of Wall Street’s worst technology sell-offs in months. ARK has not explained its decisions. However, the difference between its purchases and sales offers an important look at how the investment firm is repositioning its technology portfolio.
SpaceX stock: Why did Cathie Wood buy $48.7 million during the 9% crash?
SpaceX was ARK Invest’s biggest purchase on Thursday. Its funds bought 393,774…
