ARK Invest Shifts AI Hardware Exposure to Palantir Software
SR
Sam Rutherford
Cathie Wood · Apr 13, 2026
Source: DojiDoji Data Terminal
ARK Invest shifted $11.15 million into Palantir shares, acquiring 85,485 shares across five funds: ARKK, ARKQ, ARKW, ARKF, and ARKX. The acquisition occurred on April 10 and 11, 2026, funded by the sale of 44,446 shares of Advanced Micro Devices for $10.52 million.
Palantir stock fell 7% on Thursday and 2% on Friday. The sell-off followed a warning from Michael Burry, who stated that Palantir's valuation has reached bubble territory. Burry cited the growth of AI startup Anthropic and its Mythos model as factors taking business from Palantir.
Wedbush analyst Daniel Ives dismissed Burry's assessment, maintaining a Buy rating and a $230 price target. Ives cited Palantir's 137% growth in U.S. Commercial revenue as evidence of its competitive position. The Wall Street consensus on the stock remains a Moderate Buy with an average price target of $194.61.
Cathie Wood
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