Ark Investment’s Cathie Wood sold $28.7 million of Alphabet shares this week, redirecting the funds into Meta Platforms as the social‑media giant deepens its AI push.
Ark Investment Management chief Cathie Wood sold $28.7 million of Alphabet stock this week, trimming her exposure to the Google parent.
Simultaneously, Wood increased her holding in Meta Platforms, a move that mirrors the Facebook parent’s intensified AI strategy. Her flagship Ark Innovation ETF (ARKK) recorded a 35.49% gain last year.
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The reallocation signals Wood’s confidence in Meta’s AI trajectory over Alphabet’s broader tech portfolio, potentially influencing other investors to favor AI‑centric platforms. Given Ark’s track record, the shift may affect market sentiment toward both companies and shape future capital flows within the megacap tech sector.
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