Cathie Wood Boosts Bets On 2 AI Firms Amid Nvidia's Huang Upheaval — Here's How Her Trading Week Unfolded

What happened

ARK Investment Management bought Nvidia shares worth about $16.16 million on Monday and 283,022 CoreWeave shares worth about $16.02 million on Thursday. The article says Nvidia announced Jensen Huang’s resignation as president, CEO and director on Thursday, while CoreWeave reported revenue of $3.66 billion.

Confirmed

Global impact / market context

ARK’s purchases put money into two AI-related companies during a week of leadership uncertainty at Nvidia and sharp movement in CoreWeave shares. Nvidia’s CEO transition could shape investor views of its direction, while CoreWeave’s results and outlook may influence expectations for its business and spending.

Analyst inference

The article describes contrasting signals: Nvidia faces an unexpected leadership change, while CoreWeave reported $3.66 billion in revenue, a $132.5 billion backlog—work contracted but not yet completed—and raised its annual revenue outlook to $13 billion to $13.3 billion. ARK bought both despite the uncertainty and price swings.

Confirmed

What to watch

1. Nvidia’s next earnings report is scheduled for next week; investors can assess whether results or management comments clarify the company’s plans after Huang’s departure. Confirmed
2. Colette Kress is serving as interim CEO while keeping her finance role; a permanent leadership decision could clarify who will direct Nvidia’s strategy. Confirmed
3. CoreWeave’s ability to turn its reported backlog into delivered work and revenue may shape whether its higher annual outlook supports investor confidence after the share-price swings. Analyst inference

Evidence

• stocktwits.com