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Cathie Wood Sells Tesla Stake and Allocates $50M to AI Chip Stock
Cathie Wood trimmed Tesla holdings and allocated about $50 million into AI-oriented semiconductor and growth stocks.
Cathie Wood’s ARK Invest trimmed a significant Tesla position, selling shares worth about $38 million before redeploying roughly $50 million into AI-focused semiconductor stock Broadcom and other innovation names. The portfolio adjustment reflects Wood’s shift toward established tech and AI infrastructure leaders amid market volatility. ARK funds also added to fintech and autonomous technology stocks, underscoring portfolio rotation toward diversified growth opportunities.