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Cathie Wood’s Ark Invest Sheds $2.8M Worth Of Nvidia Shares Amid AI Hype, Picks Up Robinhood Stock Worth $1.3M

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In a move that caught the attention of investors, Cathie Wood-led Ark Invest offloaded over $2.8 million worth of Nvidia (NASDAQ:NVDA) shares on Wednesday. This trade comes amid a flurry of discussions around Nvidia’s valuation and its potential in the AI sector. The Nvidia Trade On Wednesday, Ark sold 4053 shares of Nvidia through ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), ARK Genomic Revolution ETF (BATS:ARKG) and Ark Fintech Innovation ETF (NYSE:ARKF). The transaction was valued at $2.84 million. Nvidia shares closed 2.75% higher at $700.99. Since 2024 began the shares have soare…

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