Cathie Wood’s ARK Investment Management made a series of trades in early June 2026, buying into weakness while cutting several other positions.
The biggest headline was ARK’s purchase of 22,528 shares of Broadcom after the chipmaker’s stock fell sharply. Broadcom dropped 12.59% on June 4 and another 7.92% on June 5 after its earnings report disappointed investors. ARK bought the shares on June 3, and at June 5’s closing price of $385.73, the position was worth about $8.7 million.
Broadcom reported fiscal second-quarter adjusted earnings of $2.44 per share on revenue of $22.19 billion. Analysts had expected $2.40 per share and $22.27 billion in revenue. The company forecast third-quarter revenue of $29.4 billion, ahead of Wall Street’s $28.53 billion estimate.
Despite the solid numbers, investors were let down that Broadcom did not raise its AI semiconductor revenue forecast beyond $100 billion by fiscal 2027. CEO Hock Tan said the company would stick to supplying chips rather than full AI systems.
Not everyone sold. Citi kept a buy rating and a $500 price target, calling the pullback “an enhanced buying opportunity.” Bank of America raised its price target to $530 from $450 and expects AI revenue to grow about 180% in fiscal 2026.
ARK also bought 100,250 shares of Circle Internet Group through its ARKK ETF, worth over $9 million. Circle now sits as the eighth-largest holding in the ARK Innovation ETF at 3.73%.
ARK added 13,065 shares of Coinbase, the ninth-largest ARKK holding, worth around $2.1 million. Wood has been building positions in both crypto-related stocks.
On the sell side, ARK unloaded 1,327,537 shares of Archer Aviation across its ARKK, ARKQ, and ARKX ETFs, worth around $8.5 million. This followed similar sales in prior days.
ARK also trimmed its AMD position, selling 2,074 shares through ARKW for just over $1 million. AMD sales have continued throughout the week.
The ARK Innovation ETF is up 2.83% year to date, while the S&P 500 is up 10.79% over the same period. Over five years, ARKK has delivered an annualized return of -5.91%, compared to 12.39% for the S&P 500.
Wood has been open about her outlook. On a June 5 episode of “In the Know,” she said she expects the Fed to cut rates under new chair Kevin Warsh. She also pointed to AI-driven productivity gains at companies like Walmart and Costco as evidence that inflation is easing.
Wood has called the current moment a “great acceleration,” not a downturn, citing falling AI training costs and improving technology across sectors.
Over the past 12 months through June 4, ARKK saw roughly $488.95 million in net outflows, according to ETF research firm VettaFi.
The post Cathie Wood Buys Broadcom and Circle Internet While Cutting AMD and Archer Aviation appeared first on CoinCentral.
