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Ark Invest Dumps $28M in Alphabet Shares to Fund Meta Bet

Benzinga Read original source (opens in a new tab)
The Story

News Summary

  • Cathie Wood's Ark Invest trimmed its Alphabet position, selling roughly $27.9 million worth of GOOGL shares across ARKK and ARKW.
  • Concurrently, the fund bought $28.1 million in Meta Platforms.
  • The divestment reflects lingering market anxiety surrounding Alphabet's heavy AI spending and cloud performance.
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648.03 +5.98% over the displayed period

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