On Thursday, Cathie Wood-led Ark Invest executed significant trades, notably involving Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Advanced Micro Devices Inc. (NASDAQ:AMD), Broadcom Inc. (NASDAQ:AVGO), and Qualcomm Inc. (NASDAQ:QCOM).
The Alphabet Trade
Ark Invest’s funds, including ARK Innovation ETF (BATS:ARKK), ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), and ARK Space & Defense Innovation ETF (BATS:ARKX), acquired a substantial number of Class C shares of the Google parent.
The total purchase amounted to 67,630 shares, valued at approximately $22.4 million, based on the closing price of $331.33. This move follows Alphabet’s strong fourth-quarter earnings, which impressed analysts with its robust performance in Google Search and Cloud. The strength of Gemini, driving growth in …Full story available on Benzinga.com
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