Ark Invest's Latest Trades: $24.18 Million Bet on Teradyne, While Trimming AMD and Other Tech Names

Deep News10-29 14:50

On October 28, Cathie Wood's Ark Investment Management released its latest trading records. The largest purchase of the day was semiconductor testing equipment maker Teradyne, with 74,691 shares bought for approximately $24.18 million.

Ark also spent about $9.4 million on 99,418 shares of Robinhood and roughly $5.04 million on 42,276 shares of AI chip company Cerebras Systems.

Ark also added to its positions in two electric vertical takeoff and landing (eVTOL) aircraft manufacturers, spending about $4.09 million and $3.27 million on Archer Aviation and Joby Aviation shares, buying 967,900 shares and 653,700 shares respectively.

On the sell side, Ark continued to reduce its stake in biotechnology company Twist Bioscience, selling 42,187 shares worth about $6.74 million. It also sold 5,735 AMD shares worth roughly $3.21 million, extending its recent trend of trimming AMD. In addition, Ark sold about $3.76 million worth of 10x Genomics stock.

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