Cathie Wood’s ARK Invest ETFs (exchange-traded funds) continued cutting exposure to big tech on Friday, March 27, 2026, as the firm locked in gains and responded to rising valuation, legal, and growth concerns across the sector.
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New trading tool for NVDA bearsAfter an $84 million sell-off a day earlier, the firm trimmed positions in Nvidia (NVDA), Meta (META), Advanced Micro Devices (AMD), and Tesla (TSLA), while buying 48,659 shares of Arcturus Therapeutics Holdings (ARCT) for about $344,505.
Wood Trims Stakes in Nvidia, Meta, and Tesla as Risks Rise Across Tech
Wood sold 58,119 shares of Nvidia worth about $9.95 million after selling over 154,000 shares a day earlier. The selling comes as concerns grow around high AI valuations and rising criticism from developers over Nvidia’s latest tools.
Meta also saw continued selling, with 10,500 shares sold for $5.75 million, after ARK offloaded 76,622 shares worth $45.58 million a day earlier. The stock is under pressure after recent court rulings linked to social media harm in children. The case has raised concerns about heavy fines, tighter rules, and long-term impact on the business.
Meanwhile, Wood sold 4,221 shares of Tesla worth about $1.57 million. The move follows a 2.76% drop to $361.83 in TSLA stock after the company lowered its 2026 delivery forecast to 1.69 million vehicles from 1.75 million, adding to concerns around near-term growth.
Chip Stocks See Broader Pullback
ARK continued trimming its chip exposure, extending the selling seen earlier in the week:
- 19,126 shares of Advanced Micro Devices (AMD) for about $3.90 million, after selling 38,245 shares for $8.42 million a day earlier.
- 17,092 shares of Teradyne (TER) for roughly $5.08 million, following a sale of 16,009 shares worth $5.18 million on Thursday.
The selling reflects concerns around supply limits and rising costs after a strong run in chip stocks.
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