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● LIVE Updated 1h ago · 12 sources tracked

Cathie Wood buys $11.8 million of tumbling tech stock

Ark Investment Management chief Cathie Wood purchased $11.8 million of tumbling technology stock CoreWeave, capitalising on a sharp market drop. Ark Invest added to three existing positions on Monday that were down sharply from recent highs, including CoreWeave, Meta, and Recursion, while cutting positions in Personalis and Toast. The broader neocloud sector has faced severe market pressure, with CoreWeave shares plummeting 11 percent following an endorsement by Jensen Huang. Market anxiety has concentrated on the neocloud company's balance sheet, where projections point to a 6.3x gross leverage ratio by year end.

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  • ✓ Cathie Wood, chief of Ark Investment Management, bought $11.8 million of tumbling tech stock CoreWeave.
  • ✓ Ark Invest added to CoreWeave, Meta, and Recursion on Monday.
  • ✓ CoreWeave shares plummeted 11 percent after Jensen Huang's endorsement.
  • ✓ CoreWeave is projected to have a 6.3x gross leverage ratio by year end.
🛡️ Source Corroboration: 12 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Ark Investment Management purchased $11.8 million worth of CoreWeave stock during a steep market selloff.

Live updates

  1. Cathie Wood Buys $11.8 Million of CoreWeave Amid Tech Selloff

    Ark Investment Management chief Cathie Wood purchased $11.8 million of tumbling technology stock CoreWeave, capitalising on a sharp market drop. Ark Invest added to three existing positions on Monday that were down sharply from recent highs, including CoreWeave, Meta, and Recursion, while cutting positions in Personalis and Toast. The broader neocloud sector has faced severe market pressure, with CoreWeave shares plummeting 11 percent following an endorsement by Jensen Huang. Market anxiety has concentrated on the neocloud company's balance sheet, where projections point to a 6.3x gross leverage ratio by year end.

    Why it matters

    Neocloud stocks like CoreWeave and Nebius have experienced heavy market corrections amid broader artificial intelligence sector jitters. Analysts warn that ongoing balance sheet pressures and high leverage ratios threaten sentiment across high-risk artificial intelligence financing. Despite these worries, value investors view the steep selloff as a buying opportunity for long-term growth.

    What is confirmed

    • Cathie Wood, chief of Ark Investment Management, bought $11.8 million of tumbling tech stock CoreWeave.
    • Ark Invest added to CoreWeave, Meta, and Recursion on Monday.
    • CoreWeave shares plummeted 11 percent after Jensen Huang's endorsement.
    • CoreWeave is projected to have a 6.3x gross leverage ratio by year end.

    Still unconfirmed

    • CoreWeave woes risk shutting down the artificial intelligence junk market.

    What to watch next

    • CoreWeave year-end leverage ratio and balance sheet reports
    • Broader neocloud sector stock price movements and market recovery
    Sources used for this update (15)
    1. finance.yahoo.com — Yahoo Finance - Stock Market Live, Quotes, Business & Finance News
    2. Yahoo Finance — Why CoreWeave, Nebius, and other neocloud stocks are being pounded: Goldman Sachs explains
    3. Forbes — CoreWeave Shares Plummet 11% After Jensen Huang’s Endorsement
    4. Reuters — Why CoreWeave is in the crosshairs of the AI scare
    5. Bloomberg.com — CoreWeave Woes Risk Shutting Down AI Junk Market: Credit Weekly
    6. Yahoo Finance — CoreWeave Is Projected to Have a 6.3x Gross Leverage Ratio by Year End. The Market Is Worried About the Neocloud's Balance Sheet.
    7. Yahoo Finance Singapore — Cathie Wood buys $11.8 million of tumbling tech stock
    8. Barron's — Chip Stocks Stumbled This Week But Bubble Worries Are Overblown
    9. Seeking Alpha — Cathie Wood's weekly recap: adds to CoreWeave, Meta, Recursion; cuts Personalis, Toast (ARKK:BATS)
    10. finance.yahoo.com — Cathie Wood buys $11.8 million of tumbling tech stock
    11. biztoc.com — Cathie Wood buys $11.8 million of tumbling tech stock
    12. usa.bullmarkets.today — Cathie Wood buys $11.8 million of tumbling tech stock
    confidence 90%
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