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Cathie Wood's Ark Invest Buys $28M in Meta Platforms, Trims Alphabet and AMD

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The Story

News Summary

  • Cathie Wood’s Ark Invest expanded its AI exposure by acquiring 43,000 shares of Meta Platforms worth around $28 million.
  • Meanwhile, the fund reduced holdings in other major tech names, selling $28.6 million in Alphabet and $9.9 million in AMD shares.
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