ARK Invest Shifts AI Hardware Profits Into Government AI Software
Liquidity for ARK Invest was secured through the sale of 44,400 shares of Advanced Micro Devices. The fund used these funds to increase its holdings in Palantir. The U.S. military uses Palantir's Maven Intelligence Platform to identify targets in the Middle East. More than half of Palantir's U.S. revenue comes from the government, including the Department of Defense and U.S. Immigration and Customs Enforcement. These government contracts provide the company with earnings visibility.
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