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via finance.yahoo.comMarkets

Cathie Wood buys Nvidia and sells Broadcom amid AI chip selloff

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Cathie Wood made a sharp call between two of the AI boom's biggest winners Thursday. ARK Invest bought 252,592 Nvidia shares worth about $45.9 million after the stock plunged roughly 9%, while simultaneously selling 410,559 Broadcom…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA prominent fund manager's divergent moves on AI leaders highlight splits within the semiconductor sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01ARK Invest bought about 252,592 Nvidia shares after the stock fell roughly 9%.
  2. 02On the same day it sold 410,559 Broadcom shares, worth about 119.7 million dollars.
  3. 03Both stocks were hit by the semiconductor selloff tied to concerns over hyperscaler AI spending.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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