Cathie Wood heavily invests in Google and Broadcom, sells Qualcomm shares
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According to a report by Bijie Network: On Thursday, ARK Invest's ETFs executed significant trades. The ARK Next Generation Internet ETF (ARKW) purchased 20,189 shares of AMD stock, valued at $3.9 million, and also bought shares of Alphabet and Broadcom. The ARK Autonomous Technology & Robotics ETF (ARKQ), together with ARKW, bought a total of 87,148 shares of Broadcom, worth $27.06 million, while selling 228,943 shares of Qualcomm, valued at $31.2 million. These moves align with the market's optimistic sentiment toward AI infrastructure spending and echo the strong quarterly earnings reports from Alphabet and Broadcom.
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