Cathie Wood Bets $31M On Amazon, CoreWeave And Meta, While Pulling $26.5M Out of This Hot AI Stock
Cathie Wood’s ARK Invest poured $31 million into Amazon, CoreWeave and Meta, but also trimmed $26.5 million of Teradyne.
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NVIDIA expands into custom AI chips with NVHBM, posing a threat to Broadcom’s position, says Counterpoint analyst.
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Cathie Wood’s ARK Invest poured $31 million into Amazon, CoreWeave and Meta, but also trimmed $26.5 million of Teradyne.
Broadcom's AI semiconductor revenue surged 221% year-over-year in Q3, driven by custom AI accelerators (XPUs) designed with hyperscalers like Google, Meta, and OpenAI. Custom chips offer better power efficiency, faster inference, and higher returns on capital compared to GPUs, making them increasingly attractive as hyperscalers face capital constraints. While Nvidia's data center business is currently 4x larger, custom silicon is winning by volume among major customers and could eventually become a bigger business than GPUs.
Anthropic CEO Dario Amodei earned $18 million in 2025, topping Amazon and Alphabet CEOs but trailing Nvidia and Oracle chiefs.
Economist Paul Krugman said the AI boom is crowding out other investment, which the dot-com boom didn't do, whether or not it's a bubble.
Broadcom (AVGO) slips over 1% premarket amid rising Treasury yields and tech pressure. Get the latest price action and market setup.
Warren Buffett's lesser-known portfolio managed through New England Asset Management (NEAM), a Berkshire Hathaway subsidiary, has significantly reduced positions in AI stocks Alphabet and Broadcom during Q2, citing concerns about AI bubble valuations. Instead, the portfolio has allocated over $149 million (17.3%) to S&P 500 index funds (SPY and VOO), reflecting Buffett's long-standing recommendation for retail investors to invest in low-cost index funds that have generated positive returns over every 20-year rolling period since 1900.