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Key Highlights
- Ark Investment Management acquired 34,080 Meta Platforms shares valued at $22.8 million on July 9, 2026
- Ark’s funds accumulated more than 100,000 CoreWeave shares recently, establishing a stake worth approximately $146 million
- Meta’s stock surged 6% on July 10 following the company’s announcement to monetize surplus AI computing infrastructure
- CoreWeave shares declined 23% from June 18, sliding from $118 to approximately $90 per share
- ARKK’s five-year annualized performance stands at -8.42%, underperforming the S&P 500’s 11.63% return during the same timeframe
Cathie Wood, who leads Ark Investment Management as CEO, executed two significant portfolio adjustments this week — expanding her Meta Platforms holdings while persistently accumulating shares of CoreWeave, an AI infrastructure provider facing market headwinds.
Ark Invests $22.8 Million in Meta Platforms
On July 9, Ark’s investment funds acquired 34,080 shares of Meta Platforms at a closing price of $669.21 per share, representing a total investment of approximately $22.8 million.
The transaction occurred during an upward momentum period for Meta. In the five trading sessions preceding this purchase, Meta’s stock appreciated 14.8%.
The following day, July 10, Meta shares experienced an additional 6% increase, reaching their peak valuation since April. This surge followed Meta’s strategic announcement regarding plans to monetize its surplus AI computational resources — potentially creating an additional revenue channel for the tech giant.
Concurrently, Meta unveiled Muse Spark 1.1 on July 9, an artificial intelligence coding solution positioned to rival offerings from Anthropic and OpenAI. BNP Paribas analyst Nick Jones characterized this as Meta’s inaugural paid AI product, representing a significant monetization opportunity for the company’s artificial intelligence capabilities.
Despite recent positive momentum, Meta’s stock has advanced merely 1.4% year to date, substantially trailing the Nasdaq Composite’s approximately 13% appreciation. CEO Mark Zuckerberg conceded earlier this month that the deployment of the company’s AI agent technology has progressed more slowly than anticipated.
Meta projects capital expenditures reaching $145 billion for AI infrastructure development in 2026. The company is scheduled to release second-quarter financial results later this month. During Q1, Meta delivered earnings per share of $7.31 on $56.31 billion in revenue, exceeding analyst projections for both metrics.
Wells Fargo analyst Ken Gawrelski increased his Meta price target to $767 from $765 on July 2, reaffirming an overweight rating.
Ark Continues CoreWeave Accumulation Amid Stock Decline
Simultaneously, Wood has maintained a consistent buying pattern in CoreWeave shares, an AI cloud computing provider whose equity has retreated 23% since June 18.
Ark’s flagship exchange-traded fund currently maintains 1.6 million CoreWeave shares — a position valued at roughly $146 million, representing the 17th-largest allocation within the $6.5 billion ARKK portfolio.
Wood acquired $811,600 worth of shares on July 8, subsequent to a $2 million transaction on July 7 and a substantial $6.5 million purchase on June 29.
CoreWeave generated $2.1 billion in revenue during Q1 2026, reflecting 114% year-over-year growth. Its order backlog approached $100 billion. However, the company recorded a net loss of $740 million while managing approximately $35 billion in outstanding debt.
Full-year capital expenditure projections were elevated to $31–$35 billion. The company anticipates achieving $12–$13 billion in annual revenue.
A portion of the stock’s recent decline stemmed from reports that Meta — CoreWeave’s primary client — intends to commercialize its own excess computing capacity, establishing potential direct competition with CoreWeave. The stock tumbled 14% following this disclosure alone. Wood initiated purchases after the announcement.
ARKK has gained 3.05% year to date, while the S&P 500 has advanced 10.66% as of July 10.
The post Ark Invest’s Cathie Wood Adds $22.8M Meta (META) Position While Loading Up on CoreWeave appeared first on Blockonomi.
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