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Cathie Wood's ARK Buys 548,000 Nvidia Shares in Aggressive AI Shift

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The Story

News Summary

  • Cathie Wood’s ARK Invest heavily accumulated AI infrastructure stocks in August, making Nvidia its largest monthly buy with nearly 548,000 shares.
  • ARK also added Broadcom while trimming holdings in competitor AMD, signaling high institutional confidence in Nvidia's dominant market positioning.
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