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…
Read at the source ↗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
- 01ARK Invest bought about 252,592 Nvidia shares after the stock fell roughly 9%.
- 02On the same day it sold 410,559 Broadcom shares, worth about 119.7 million dollars.
- 03Both stocks were hit by the semiconductor selloff tied to concerns over hyperscaler AI spending.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NVIDIA Corporation187.44 USD+0.72%today +3.22%Positive Broadcom Inc.292.08 USD+0.70%today +0.19%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets