Cathie Wood Buys Nvidia, ACHR and Crypto Stocks, Offloads AMD, EXAS

Tip Ranks
2025.11.21 07:01
portai
I'm PortAI, I can summarize articles.

Cathie Wood's ARK Invest made significant portfolio adjustments, buying Nvidia, Archer Aviation, and crypto stocks, while selling AMD and Exact Sciences. ARK purchased 93,374 Nvidia shares worth $17.5 million, marking its first Nvidia buy since August. ARK also acquired shares in eVTOL company Archer Aviation and several crypto stocks. Meanwhile, ARK trimmed its AMD position and sold Exact Sciences shares amid its acquisition by Abbott Laboratories.

Cathie Wood's ARK Invest ETFs (exchange-traded funds) made several notable portfolio adjustments on Thursday, November 20, as revealed in daily fund disclosures. The prominent hedge fund manager bought shares of chip giant Nvidia (NVDA) following the semiconductor's stellar third-quarter results. The other significant purchases made by Wood through ARK ETFs included shares of electric vertical takeoff and landing (eVTOL) aircraft maker Archer Aviation (ACHR), crypto stocks Bullish (BLSH), Circle Internet (CRCL), and Bitmine Immersion Technologies (BMNR), as well as some biotech plays.

TipRanks Black Friday Sale

  • Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
  • Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off

Meanwhile, ARK continued to trim its position in chipmaker Advanced Micro Devices (AMD) and sold shares of Exact Sciences (EXAS) amid the news of its acquisition by Abbott Laboratories (ABT).

ARK Buys NVDA, Crypto, and Biotech Stocks

ARK made several significant additions on Thursday. It bought 93,374 shares of Nvidia, worth $17.5 million, via the ARK Innovation ETF (ARKK). Bloomberg noted that this marked the first purchase of Nvidia stock by any ARK fund since August 4. After rising by 5% earlier in the day, Nvidia stock closed lower by 3.2% on Thursday, as valuation concerns overshadowed the semiconductor company's strong Q3 results and impressive guidance.

Furthermore, the ARKK ETF bought 971,423 shares of Archer Aviation, reinforcing its confidence in the eVOTL company. Turning to crypto plays, the ARKK ETF bought 363,081, 241,991, 134,650, and 42,419 shares of Bitmine Immersion, Bullish, Circle Internet, and Coinbase Global (COIN), respectively.

Meanwhile, ARK Next Generation Internet ETF (ARKW) purchased 14,867 shares of Bullish and 11,321 shares of Bitmine. Additionally, ARK Fintech Innovation ETF (ARKF) bought 7,676 shares of Bullish and 5,842 shares of Bitmine.

ARK also bought 496,586 shares of Recursion Pharmaceuticals (RXRX) through the ARKK ETF, 290,617 shares of Pacific Biosciences of California (PACB) via the ARKK and ARK Genomic Revolution (ARKG) ETFs, 78,243 shares of CRISPR Therapeutics (CRSP) through the ARKK and ARKG ETFs, and 70,685 shares of Illumina (ILMN) via the ARKK and ARKG ETFs.

Let's look at Wall Street's ratings for these stocks:

Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.