Cathie Wood picks up $44.7 million in shares of two highly watched tech stocks. Is it too late to follow along?
Aditi Ganguly
Fri, August 14, 2026 at 5:25 PM GMT+5:30
9 min read
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Cathie Wood just made another big bet on the future of artificial intelligence and space technology
Her investment firm, ARK Invest, added a combined market value of $44.7 million (1) in shares of Taiwan Semiconductor Manufacturing (TSMC) [NYSE:TSM] and SpaceX [NASDAQ:SPCX] to its portfolio between late July and mid-August
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The initial share purchase aligned with trimming investments in Amazon [NASDAQ:AMZN], Alphabet [NASDAQ:GOOG] and Shopify [NASDAQ:SHOP]. ARK Invest also bought an additional $12.6 million worth of Nvidia [NASDAQ:NVDA] shares on Aug. 10 following a $9.4 million purchase on Aug. 5
The move offers fresh insight into where the high-profile investor sees the strongest long-term growth opportunities, not to mention the strength of side-stepping the hype cycle
Why Wood is betting bigger on TSMC and SpaceX
Both purchases fit squarely within ARK’s broader investment strategy. The firm has identified artificial intelligence along with space and defense as major areas of technological innovation
The purchase was funded in part by the sale of roughly $1.1 million each of Amazon and Alphabet and about $5 million of Shopify. Amazon sell off came just hours before it released its July 30 second-quarter earnings report, as investors eyed the company’s AI spending and cash flow. Amazon beat Wall Street’s expectations (2), pushing shares to an all-time high on Aug. 3 (3)
TSMC is the world’s largest contract chip maker and manufactures chips for AI giants like Nvidia. The Taiwanese company recently reported second-quarter revenue of $40.2 billion (4), marking a 34% increase year over year. The company’s growth and its central role in the AI boom may make a case for Wood’s investment
On the other hand, SpaceX is a more volatile test for ARK
The Elon Musk-led space technology company has been rocky since its IPO debut on June 12. As of mid-August, the stock is trading below its pre-IPO price (5). This isn’t surprising given the company reported a loss (6) of more than $500 million in its first earnings report
