ARKK Today - Jul 09: SpaceX Buys and AMD Sells

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ARKK Today - Jul 09: SpaceX Buys and AMD Sells

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Hey there! It’s Joey here, your friendly investor buddy. Let’s break down what went down with ARK Innovation ETF today. So, ARKK had a green day, up about 1.5%. Nice little boost, right?

Now, here’s the scoop. The big news? Cathie Wood is at it again, making some moves with SpaceX shares. She scooped up a cool $7 million worth of SpaceX stock after selling off some Alibaba. Seems like she’s betting on the space game, especially since SpaceX got a nice valuation bump thanks to some news about Blue Origin. Meanwhile, she’s also been offloading AMD shares like they’re going out of style. Just yesterday, ARK sold off $8 million worth of AMD stock in one go. Talk about a big shake-up!

And get this—she also picked up over $2 million of a tumbling AI stock. Looks like ARK’s still all about that tech life, even when things are a bit shaky. It’s like she’s trying to find the next big thing while trimming the fat from her portfolio.

As for the market vibe, it’s kinda mixed. People are still figuring out what to do with tech stocks, especially with all the crypto chatter. ARK’s been riding the waves of both tech and crypto, and today was no different.

Oh, and one more thing to keep in mind: Cerebras stock is skyrocketing today for some reason. It’s always interesting to see how different players in the tech space are moving, right?

So, there you have it! ARK’s making some bold moves, and it’s always fun to watch. Just remember, this is all for your info and entertainment—no financial advice here. Catch you later!

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