In a significant portfolio shake-up, Cathie Wood's ARK Invest has pivoted away from major semiconductor names and poured roughly $200 million into four lesser-known companies. The fund sold over 215,000 shares of Advanced Micro Devices (AMD)—worth about $65.8 million—along with stakes in Rocket Lab and Teradyne, signaling a clear change in strategy.
The new investments include a $92.5 million bet on an energy disruptor and a sizable purchase of over 280,000 shares in a consumer giant. Two of the four stocks have dropped 20% since the start of 2026, and ARK is buying the dip. One of these firms is set to report earnings this week, which could be a major catalyst.
This rotation underscores Wood's contrarian approach, stepping away from high-profile tech plays to focus on under-the-radar opportunities with potential for substantial gains.