Investing Pioneers
SUBSCRIBE NOW
  • Wall Street Word
  • Whale Tracker
  • Stocks
  • Gold
  • Crypto
  • Economy
No Result
View All Result
  • Wall Street Word
  • Whale Tracker
  • Stocks
  • Gold
  • Crypto
  • Economy
No Result
View All Result
Investing Pioneers
No Result
View All Result

Cathie Wood-Led Ark Invest Scoops Up $5.16M Worth Of Palantir Shares Amid Raging AI Fervor

in Wall Street Word
0
0
SHARES
351
VIEWS
Share on FacebookShare on Twitter

On Monday, Cathie Wood-led Ark Invest made a notable investment in Palantir Technologies Inc (NYSE:PLTR), a move that comes as the AI sector gains momentum.

The PLTR Trade

Ark Invest, through its ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), purchased 199,372 shares of Palantir, a significant addition to its portfolio. The value of this trade, based on the closing price of $25.88 on the same day, stands at approximately $5.16 million.

Palantir has recently been praised as an ‘AI Halo’ play by momentum investors. The company was added to BofA Securities’ top 10 best U.S. ideas list for the third quarter, highlighting its growing popularity in the AI sector. Joe Terranova of Virtus Investment Partners explained that Palantir is a key player in the AI space, participating actively in the AI halo.

Palantir co-founder Peter Thiel recently shared his insights on the AI landscape at the Aspen Ideas Festival, drawing parallels between the dot-com bubble and the current state of AI.

Other Key Trades:

  • Ark Invest’s ARKG bought shares of Adaptive Biotechnologies Corp (NASDAQ:ADPT).
  • ARKK purchased shares of Recursion Pharmaceuticals Inc (NASDAQ:RXRX). ARKQ also added shares of Blade Air Mobility Inc (NASDAQ:BLDE) to its portfolio.
  • ARKF sold shares of Teladoc Health Inc (NYSE:TDOC).

Read Next: Jim Cramer Says Trump’s Return To White House Could Be ‘Good For Your Portfolio:’ ‘Hate Him Or Like Him’

This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

Previous Post

As Nvidia And Other Tech Stocks Soar, Expert Downgrades Sector Amid Overvaluation Concerns

Next Post

Elon Musk Says ‘Lying On This Platform Doesn’t Work Anymore’ After Biden VP Kamala Harris Gets Community Noted On X After Posting About Trump

Next Post

Elon Musk Says 'Lying On This Platform Doesn't Work Anymore' After Biden VP Kamala Harris Gets Community Noted On X After Posting About Trump

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Boeing 777-9 Certification Update: Investor Alert

July 29, 2025

Nvidia’s Market Cap Surge: What’s Next for Investors?

July 29, 2025

Stocks to Watch as Earnings Reports Roll In

July 29, 2025

Trump’s EU Trade Deal An Act Of ‘Submission,’ Says French PM: ‘It’s A Dark Day’

July 29, 2025

Browse by Category

  • Artificial Intelligence
  • Business
  • Crypto
  • Economy
  • Gold
  • In Partnership with Preserve Gold
  • Partnership with InvestorPlace
  • Partnership with The Oxford Club
  • Personal Finance
  • Real Estate
  • Sponsored
  • Stocks
  • Tech
  • Wall Street Word
  • Whale Tracker

Recent News

Boeing 777-9 Certification Update: Investor Alert

July 29, 2025

Nvidia’s Market Cap Surge: What’s Next for Investors?

July 29, 2025
  • Privacy Policy
  • Terms of Use
  • CCPA Privacy Notice
  • SMS Terms

© 2025 - InvestingPioneers.com.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Wall Street Word
  • Whale Tracker
  • Stocks
  • Gold
  • Crypto
  • Economy

© 2025 - InvestingPioneers.com.