ARK Invest’s Bold Move: $3.35 Million Investment in Archer Aviation After Exiting Palantir and AMD

Key Points

• Cathie Wood’s Ark Innovation ETF recently sold shares of Palantir and AMD while acquiring approximately $3.35 million in Archer Aviation.

• Palantir and AMD remain significant holdings in the fund, ranking as its 11th and 12th largest positions, while Archer Aviation ranks 30th, comprising about 1.2% of the portfolio.

• Archer Aviation’s stock is down about 31% year-to-date and 62% from its peak, yet it has made strategic moves, including acquiring Boeing’s subsidiaries to enhance its eVTOL capabilities.