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Ark Invest continued to significantly reduce holdings in tech stocks on Friday, including selling over 58,000 shares of NVIDIA and more than 19,000 shares of AMD.
According to a report by Jinse Finance on March 28, after Ark Invest Tracker significantly reduced its holdings in technology stocks and crypto ETFs on Thursday, Ark Invest continued to sharply cut its holdings in tech stocks such as NVIDIA on Friday. This included a reduction of over 58,000 shares of NVIDIA and more than 19,000 shares of AMD, accounting for 0.1%-0.15% of the fund’s total value, while only purchasing 48,600 shares of biotech company Arcturus Therapeutics, indicating a shift from AI chip reductions to medical innovation.