Cathie Wood’s Ark Invest Buys $5.16M in Palantir Amid AI Boom 🚀

Ark Invest, led by Cathie Wood, invests $5.16 million in Palantir Technologies as AI enthusiasm continues to surge. Discover the details of this strategic move in the thriving AI market.

Cathie Wood’s Ark Invest Buys $5.16M in Palantir Amid AI Boom 🚀
Benzinga
6.5K views • Jul 2, 2024
Cathie Wood’s Ark Invest Buys $5.16M in Palantir Amid AI Boom 🚀

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On Monday, Cathie Wood-led Ark Invest made a notable investment in Palantir Technologies, a move that comes as the AI sector gains momentum.<br /><br />The PLTR Trade: Ark Invest, through its ARK Autonomous Technology & Robotics ETF ARKQ, purchased 199,372 shares of Palantir, a significant addition to its portfolio. The value of this trade, based on the closing price of $25.88 on the same day, stands at approximately $5.16 million.

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