Key Takeaways
- Cathie Wood’s Ark Invest acquired 34,080 Meta Platforms shares valued at $22.8 million on July 9, 2026
- Ark funds have accumulated more than 100,000 CoreWeave shares recently, creating a position worth approximately $146 million
- Meta’s share price surged 6% on July 10 following the company’s announcement about selling surplus AI computing resources
- CoreWeave’s stock price has declined 23% since mid-June, sliding from $118 to approximately $90 per share
- ARKK’s five-year annualized performance stands at -8.42%, underperforming the S&P 500’s 11.63% gain during the identical timeframe
Cathie Wood, the chief executive of Ark Investment Management, executed two significant portfolio adjustments this week — expanding her holdings in Meta Platforms while persistently acquiring shares of CoreWeave, an AI infrastructure provider experiencing market headwinds.
Ark Invests $22.8 Million in Meta Platforms
On July 9, Ark’s investment vehicles acquired 34,080 shares of Meta Platforms at a closing price point of $669.21, representing an aggregate investment of approximately $22.8 million.
This acquisition occurred during an upward momentum phase for Meta’s equity. Throughout the five trading sessions preceding this purchase, Meta’s valuation had appreciated 14.8%.
The following day, July 10, Meta shares experienced an additional 6% increase, reaching their peak valuation since April. This upward movement followed Meta’s strategic announcement regarding plans to monetize surplus AI computational infrastructure — a potentially lucrative new revenue channel.
Meta simultaneously unveiled Muse Spark 1.1 on July 9, an artificial intelligence coding platform positioned to rival offerings from Anthropic and OpenAI. BNP Paribas analyst Nick Jones identified this as Meta’s inaugural monetized AI product, establishing an additional income stream from the company’s artificial intelligence capabilities.
Despite recent momentum, Meta’s year-to-date performance remains modest at approximately 1.4%, trailing the Nasdaq Composite’s roughly 13% advancement. Mark Zuckerberg, the company’s CEO, conceded earlier this month that deployment of the company’s AI agent technology has progressed more slowly than initially projected.
Meta anticipates allocating up to $145 billion toward AI infrastructure development in 2026. The technology giant will release its second-quarter financial results later this month. During the first quarter, Meta delivered earnings per share of $7.31 on revenues totaling $56.31 billion, surpassing analyst projections on both metrics.
Wells Fargo analyst Ken Gawrelski adjusted his price objective for Meta to $767 from $765 on July 2, reaffirming an overweight recommendation.
Ark Continues CoreWeave Accumulation Despite Stock Decline
Simultaneously, Wood has been methodically accumulating shares of CoreWeave, an artificial intelligence cloud computing enterprise whose equity has depreciated 23% since June 18.
Ark’s primary exchange-traded fund currently maintains 1.6 million CoreWeave shares — a position valued at roughly $146 million, establishing it as the 17th-largest allocation within the $6.5 billion ARKK portfolio.
Wood acquired $811,600 worth of shares on July 8, subsequent to a $2 million transaction on July 7 and a $6.5 million purchase on June 29.
CoreWeave generated revenues of $2.1 billion during Q1 2026, representing 114% year-over-year growth. The company’s backlog approached nearly $100 billion. However, CoreWeave registered a net loss of $740 million and maintains approximately $35 billion in outstanding debt obligations.
Capital expenditure projections for the fiscal year were elevated to $31–$35 billion. Management forecasts full-year revenues between $12–$13 billion.
A portion of the stock’s recent contraction stems from revelations that Meta — CoreWeave’s primary client — intends to commercialize its own surplus computing infrastructure, potentially establishing direct competition with CoreWeave. This announcement alone triggered a 14% stock decline. Wood initiated purchases following this disclosure.
ARKK has appreciated 3.05% year to date, while the S&P 500 has advanced 10.66% as of July 10.
