On Thursday, Cathie Wood-led Ark Invest executed significant trades, notably involving Alphabet, Advanced Micro Devices, Broadcom, and Qualcomm.

The Alphabet Trade

Ark Invest’s funds, including ARK Innovation ETF, ARK Autonomous Technology & Robotics ETF, and ARK Space & Defense Innovation ETF, acquired a substantial number of Class C shares of the Google parent.

The total purchase amounted to 67,630 shares, valued at approximately $22.4 million, based on the closing price of $331.33. This move follows Alphabet’s strong fourth-quarter earnings, which impressed analysts with its robust performance in Google Search and Cloud. The strength of Gemini, driving growth in these segments, was highlighted in the recent report.

The AMD Trade

ARK Next Generation Internet ETF purchased 20,189 shares of AMD, valued at approximately $3.9 million, given the closing price of $192.50.

This acquisition comes amid AMD’s recent stock decline, attributed to high expectations and a one-time sales surge to China. Despite record fourth-quarter revenue, the company’s forward guidance left some investors cautious.

The Broadcom Trade

ARKQ and ARKW acquired a combined 87,148 shares of Broadcom, with a total value of approximately $27.06 million at a closing price of $310.51.

Broadcom’s stock rose on Thursday, buoyed by optimism around AI infrastructure spending. Alphabet’s increased capital expenditure outlook further fueled this optimism.

The Qualcomm Trade

ARKQ and ARKW sold a total of 228,943 shares of Qualcomm, valued at approximately $31.2 million, based on the closing price of $136.30.

Qualcomm’s shares faced pressure despite positive quarterly results, as analysts pointed to challenges in the smartphone industry. Analysts flagged worsening handset conditions as the key concern. Rosenblatt and JPMorgan cut price targets while keeping bullish ratings, citing weaker OEM demand and supply constraints, while BofA downgraded the stock to Neutral, pointing to structural handset weakness, expected unit declines, and potential share losses at major customers.

Other Key Trades:

• ARKF, ARKW and ARKK sold 119,236 shares of Coinbase Global, Inc. (COIN).

• ARKK, ARKW and ARKF purchased 716030 shares of Bullish (BLSH).

• ARKG and ARKK bought 295,526 shares of Tempus AI Inc. (TEM).

• ARKK and ARKW sold 71,492 shares of Trade Desk Inc. (TTD).