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ARK Invest bought approximately $26.6 million in Nvidia shares and $16.5 million in Broadcom shares on Monday, as both chipmakers' stocks retreated.
ARK Invest, led by Cathie Wood, purchased 122,422 Nvidia shares and 39,020 Broadcom shares across five of its ETFs. Nvidia stock fell 2.86% on Monday following reports that the chipmaker is working with major financial firms to arrange over $500 billion in financing for AI infrastructure projects. Broadcom stock slipped 1.25% on Monday. Additionally, ARK sold roughly $36.8 million in Deere stock, its largest individual transaction of the day.
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