Cathie Wood’s ARK Invest ETFs (exchange-traded funds) made surprising portfolio adjustments on Thursday, March 26, as shown in ARK’s daily fund disclosures. The ace hedge fund manager made multi-million-dollar sales in Big Tech companies, while investing only $2.8 million in health tech company Tempus AI (TEM).
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Meta Sales Follow Lawsuit Verdicts
Among the largest trades was the sale of 76,622 shares of Meta Platforms (META), generating roughly $42 million. The shares were sold through the ARK Blockchain & Fintech Innovation ETF (ARKF), the ARK Innovation ETF (ARKK), and the ARK Next Generation Internet ETF (ARKW) funds.
META stock slumped 7.9% yesterday after a Los Angeles jury held Meta and Alphabet’s (GOOGL) Google liable for fueling youth addiction to social media. The jury ruled these companies failed to protect kids despite known harms after a month-long trial. Potential damages exceed $1.4 billion, with new regulations possible. Meta was also found guilty in a long-standing child exploitation lawsuit in New Mexico and ordered to pay $375 million for violating the state’s children’s safety law.
Nvidia Faces AI Valuation Fears, Developer Backlash
The three funds also disposed of 154,441 shares of semiconductor giant Nvidia (NVDA) for approximately $26.44 million amid AI valuation fears.
Two game developers, Dave Oshry (New Blood CEO) and David Szymanski (Dusk), called for Nvidia boycott over DLSS 5, Nvidia’s AI upscaling tech dubbed a “generative AI slop filter” that ruins artistic vision with shiny effects. NVDA shares have been under constant pressure this year, despite strong quarterly performance, a solid GTC 2026 event, and visibility of up to $1 trillion in AI revenue by 2027.
Wood Cuts Exposure to Chip Names
ARK trimmed chip exposure amid memory shortages and rising prices:
- 38,245 Advanced Micro Devices (AMD) shares for $7.8 million (stock down 7.5%).
- 15,696 Taiwan Semiconductor Manufacturing (TSM) shares for $5.1 million.
- 8,648 Broadcom (AVGO) shares for $2.7 million.
TSM remains fully booked through 2026, signaling production constraints at the world’s largest chip foundry. Nvidia and Broadcom insiders have highlighted these challenges, with shortages now extending beyond chips to other key parts like lasers and circuit boards.
Wood’s Strategic Portfolio Shuffle
Let’s see how these stocks perform using the TipRanks Stock Comparison Tool.
Currently, analysts have a “Strong Buy” consensus rating on Taiwan Semi, Broadcom, Nvidia, and Meta shares, with NVDA stock offering the highest upside potential among them.
