{"id":1722,"date":"2026-05-05T18:56:22","date_gmt":"2026-05-05T18:56:22","guid":{"rendered":"https:\/\/gw.adampg777.com\/?p=1722"},"modified":"2026-05-05T18:56:22","modified_gmt":"2026-05-05T18:56:22","slug":"cathie-wood-sells-11-8-million-in-nvidia-backed-stock-before-earnings","status":"publish","type":"post","link":"https:\/\/gw.adampg777.com\/?p=1722","title":{"rendered":"Cathie Wood sells $11.8 million in Nvidia-backed stock before earnings"},"content":{"rendered":"<p><\/p>\n<p>Cathie Wood just made a massive move ahead of a key tech earnings report.\u00a0<\/p>\n<p>The ARK Invest founder trimmed $12 million in CoreWeave (CRWV) stock just days before the company reports earnings in a couple of days&#8217; time.<\/p>\n<p>On May 4, ARK sold 99,692 shares of CoreWeave across multiple ETFs, locking in gains, as the stock was in red-hot form over the past month, jumping 56%.<\/p>\n<p>For perspective, CoreWeave emerged as one of Nvidia\u2019s (NVDA) key picks-and-shovels partners in the AI infrastructure buildout, helping usher in the neocloud era.\u00a0<\/p>\n<p>Moreover, CoreWeave\u2019s business is tied to Nvidia, with its AI cloud built around renting out Nvidia\u2019s power-hungry GPUs to train and run AI models.\u00a0<\/p>\n<p>Additionally, that relationship goes beyond a simple customer-supplier arrangement.\u00a0<\/p>\n<p>Nvidia invested a whopping $2 billion in CoreWeave in January, raising its stake by nearly 50% to 47.3 million shares, becoming the company\u2019s second-largest shareholder.<\/p>\n<p>Nevertheless, Wood\u2019s eyebrow-raising move is actually classic.\u00a0<\/p>\n<p>She typically leans into these growth stories early, but when the stock gets stretched, especially ahead of an earnings bump, she trims.<\/p>\n<p>At the same time, ARK has been actively rebalancing its biggest AI-linked tech names after an impressive run of late.<\/p>\n<p>TheStreet tech reporter Mwangi Enos covered Wood\u2019s latest profit-taking moves in tech, noting several of her recent trims in Advanced Micro Devices (AMD) stock after a stellar run (she also cut more of AMD on May 4).<\/p>\n<p>That seems to be the case with CoreWeave as well.<\/p>\n<h3><strong>Cathie Wood\u2019s ARK buys and sells on May 4, 2026<\/strong><\/h3>\n<p><strong>Buys<\/strong><\/p>\n<ul>\n<li><strong>Shopify (SHOP):<\/strong> Bought <strong>72,322<\/strong> shares worth about <strong>$9.23 million<\/strong>.<\/li>\n<li><strong>L3Harris Technologies (LHX):<\/strong> Bought <strong>20,147<\/strong> shares worth about <strong>$6.31 million<\/strong>.<\/li>\n<\/ul>\n<p><strong>Sells<\/strong><\/p>\n<ul>\n<li><strong>CoreWeave:<\/strong> Sold <strong>99,692<\/strong> shares worth about <strong>$11.86 million<\/strong>.<\/li>\n<li><strong>Advanced Micro Devices:<\/strong> Sold <strong>2,524<\/strong> shares worth about <strong>$910,000<\/strong>.<\/li>\n<li><strong>Teradyne (TER):<\/strong> Sold <strong>17,327<\/strong> shares worth about <strong>$5.98 million<\/strong>.<\/li>\n<\/ul>\n<figure>\n<p>                        <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.thestreet.com\/.image\/NDA6MDAwMDAwMDAyOTgyMzE4\/ark-investment-management-llc-chief-executive-officer-cathie-wood-interview.jpg?io=1&amp;profile=rss\" height=\"675\" width=\"1012\"><figcaption>Cathie Wood sells CoreWeave shares worth $11.8 million ahead of a key earnings report this week.<\/p>\n<p>Jason Alden&amp;sol;Bloomberg via Getty Images<\/p>\n<\/figcaption><\/figure>\n<h2><strong>Cathie Wood\u2019s investing style and trading playbook explained<\/strong><\/h2>\n<p>Needless to say, Cathie Wood isn\u2019t your typical fund manager.<\/p>\n<p>Her investing style is akin to that of a venture capitalist, with a strategy that isn\u2019t built for smooth rides.\u00a0<\/p>\n<p>Case in point is ARK\u2019s focus on disruptive investing themes like AI, blockchain, and energy storage over multi-year horizons.<\/p>\n<p><strong>More Nvidia:<\/strong><\/p>\n<ul>\n<li><strong>Nvidia is losing an industry that saved it from bankruptcy<\/strong><\/li>\n<li><strong>Nvidia CEO makes surprising admission on OpenAI and Anthropic<\/strong><\/li>\n<li><strong>Goldman Sachs just found a reason to like Nvidia stock again<\/strong><\/li>\n<\/ul>\n<p>The goal is to spot the bigger winners early on and capitalize on the upside, even if the ride\u2019s bumpy.\u00a0<\/p>\n<p>Over the years, her bold bets have paid off, and while performance hasn\u2019t always been ideal, those gains have been reinvested into underperforming names she still believes in.<\/p>\n<p>The pandemic was a massive tailwind for ARK, as the Fed slashed rates to near zero and flooded markets with liquidity alongside trillions in stimulus.\u00a0<\/p>\n<p>Growth stocks surged, with the Nasdaq-100 up nearly 48% in 2020 and 26% in 2021, boosting Cathie-esque bets.\u00a0<\/p>\n<p>Then we saw a reversal when inflation struck 9.1% in 2022, with rates blowing past 5%, and growth got crushed.<\/p>\n<p>However, as conditions eased, ARK-style investing made a strong comeback.<\/p>\n<h3><strong>ARK Innovation ETF more volatile than Technology Select Sector SPDR Fund over 2020-2025<\/strong><\/h3>\n<ul>\n<li>2020: ARKK<strong>+151.89%<\/strong>; XLK<strong>+43.61%<\/strong><\/li>\n<li>2021: ARKK <strong>-23.38%<\/strong>; XLK <strong>+34.74%<\/strong><\/li>\n<li>2022: ARKK <strong>-66.97%<\/strong>; XLK <strong>-27.73%<\/strong><\/li>\n<li>2023: ARKK <strong>+67.64%<\/strong>; XLK <strong>+56.02%<\/strong><\/li>\n<li>2024: ARKK <strong>+8.40%<\/strong>; XLK <strong>+21.63%<\/strong><\/li>\n<li>2025: ARKK <strong>+35.49%<\/strong>; XLK <strong>+24.60%<\/strong><\/li>\n<li>2026 YTD: ARKK <strong>+1.70%<\/strong>; XLK <strong>+12.70%<\/strong><br \/>\nSource: Yahoo Finance Performance pages for ARKK and XLK\n<\/li>\n<\/ul>\n<h2><strong>CoreWeave\u2019s rally faces a real earnings test<\/strong><\/h2>\n<p>CoreWeave stock has steadied and staged a remarkable comeback rally since early March.\u00a0<\/p>\n<p>The double-digit rally was driven by its role as a direct play on the compute shortage, strong customer commitments, and consistent backing from Nvidia.<\/p>\n<p>More recently, the catalyst has been deal momentum, with Jane Street committing nearly $6 billion for its cloud services, while CoreWeave expanded its Meta Platforms deal to $21 billion and signed a new multi-year agreement with Anthropic.\u00a0<\/p>\n<p>The numbers underscore the excitement.\u00a0<\/p>\n<p>Q4 sales more than doubled to a massive $1.57 billion, with full-year sales at $5.1 billion (up 168%), with its backlog topping $66.8 billion.<\/p>\n<p>Nevertheless, it did burn $452 million during the quarter, crushed by $388 million in interest expense.\u00a0<\/p>\n<p>Its debt load remains a key issue, with it carrying more than $14 billion on the books, while 2026 capex is expected to be at $30 billion to $35 billion, Reuters reported.<\/p>\n<p>As we look ahead, investors will want the upcoming earnings report to show that demand is still outpacing financing pressures, with a clearer path to margin improvement.\u00a0<\/p>\n<h3><strong>Tesla remains ARKK\u2019s largest holding\u00a0<\/strong><\/h3>\n<p>Top 10 holdings of the ARK Innovation ETF as of early May:<\/p>\n<ul>\n<li>Tesla: <strong>9.69%<\/strong><\/li>\n<li>Tempus AI: <strong>5.22%<\/strong><\/li>\n<li>CRISPR Therapeutics: <strong>4.94%<\/strong><\/li>\n<li>Circle Internet Group: <strong>4.89%<\/strong><\/li>\n<li>Advanced Micro Devices: <strong>4.71%<\/strong><\/li>\n<li>Shopify: <strong>4.56%<\/strong><\/li>\n<li>Roku: <strong>4.53%<\/strong><\/li>\n<li>Coinbase Global: <strong>4.43%<\/strong><\/li>\n<li>Robinhood Markets: <strong>4.37%<\/strong><\/li>\n<li>Palantir Technologies: <strong>3.18%<\/strong><br \/>\nSource: ARK Invest full holdings data for ARK Innovation ETF\n<\/li>\n<\/ul>\n<p align=\"center\"><strong>Related: Apple CEO has stark message for Micron stock investors<\/strong><\/p>\n<p>#Cathie #Wood #sells #million #Nvidiabacked #stock #earnings<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cathie Wood just made a massive move ahead of a key tech earnings report.\u00a0 The ARK Invest founder trimmed $12 million in CoreWeave (CRWV) stock just days before the company&hellip; 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