Cathie Wood Invest Dumps Over $10 Million Of Palantir Stock Amid Talk Of 'Cramer Curse' — Buys This Hot AI Stock Instead

On Thursday, Cathie Wood-led Ark Invest made important trades involving Palantir Technologies Inc. (NASDAQ:PLTR), Broadcom Inc. (NASDAQ:AVGO), and Joby Aviation Inc. (NYSE:JOBY). These trades bespeak Ark’s strategical positioning successful the marketplace amidst evolving geopolitical and technological landscapes.

Ark Invest made a notable determination by selling 58,741 shares of Palantir. through its ARK Next Generation Internet ETF (BATS: ARKW). The transaction, valued astatine astir $10.4 million, comes amid heightened geopolitical tensions and defence fund discussions.

Recently, Palantir’s stock has been influenced by President Donald Trump’s connection for a $1.5 trillion U.S. defence fund by 2027, a important summation from existent levels. Despite these developments, Palantir’s banal closed astatine $176.86, marking a 2.65% decline.

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The merchantability besides coincided with CNBC’s Jim Cramer’s tweet, “Look retired Palantir shorts, present we spell again!” which immoderate traders construe arsenic the “Cramer Curse.” This superstition suggests that stocks often diminution aft receiving nationalist endorsements from Cramer. Nonetheless, the Peter Thiel-co-founded institution remains a cardinal subordinate successful the defence sector, with its banal show intimately watched by investors.

Ark Invest’s ARKW ETF acquired 31,573 shares of Broadcom, amounting to a acquisition worthy astir $10.4 million. This determination follows Broadcom’s fourth-quarter net report that highlighted a beardown fiscal quarter.

Broadcom’s shares closed astatine $332.48, experiencing a 3.21% decrease. Analysts person been adjusting their targets, considering the company’s robust net and imaginable challenges from its AI backlog. Ark’s concern successful Broadcom reflects assurance successful the company’s semipermanent maturation prospects, peculiarly successful the AI and semiconductor sectors.

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In different move,  ARK Space & Defense Innovation ETF (BATS:ARKX) purchased 162,270 shares of Joby Aviation, valued astatine astir $2.5 million. This acquisition aligns with Joby’s caller announcement of a $61.5 cardinal concern to grow its manufacturing capabilities successful Ohio. The Ohio facility is acceptable to bolster Joby’s accumulation capacity, targeting a monthly output of 4 craft by 2027.