While the heyday of Cathie Wood’s investment management is, for the time being, firmly in the past, the popular ARK Innovation ETF (ARKK) has been having a respectable run in the last 12 months and unveiled its latest series of bets as recently as April 28.
Specifically, ARKK revealed on Tuesday that it invested a total of nearly $42 million in four stocks: Alphabet (NASDAQ: GOOG), Coreweave (NASDAQ: CRWV), Intellia Therapeutics (NASDAQ: NTLA), and Kratos Defense & Security Solutions (NASDAQ: KTOS).
The purchases of NTLA and KTOS shares ranged between $6 and $6.9 million, and together, the two account for just 0.13% of the exchange-traded fund (ETF).
Simultaneously, the market value of the April 28 Google stock investment is listed at $14.1 million – 0.14% of the ETF – and in Coreweave at $14.8 million – 0.15%.
Cathie Wood invests $14.8 million in Coreweave stock
Elsewhere, the timing of the two bigger investments is interesting for a variety of reasons. Coreweave is, as a company, seen as either a firm that is doomed to collapse or one of the most exciting investment opportunities of 2026.
Indeed, the former cryptocurrency miner made a pivot to becoming an artificial intelligence (AI) data center, securing backing from the semiconductor giant Nvidia (NASDAQ: NVDA).
Under the circumstances, Cathie Wood appears to be betting that the optimistic predictions regarding the advancements, proliferation, and adoption of AI made by many executives and Wall Street experts will prove correct, enabling Coreweave to enjoy a veritable explosion of revenue and profits.
The risk associated with the investment, however, comes from a mix of factors, of which the fact that AI model usage remains subsidized, limiting eventual full adoption, and the many data center delays and cancellations are the most pointed.
Lastly, the buy appears to have been timed with the latest CRWV correction, considering the equity rallied 77% between March 30 and April 22, but then fell 13.88% to $105.53 on April 28.
Cathie Wood invests $14.1 million in Google stock
Google, on the other hand, is a trade that came without a correction in the latest rally but appears to simultaneously be a bet that the blue-chip technology giant will offer impressive earnings after the closing bell on April 29, thus bolstering the upward momentum.
Looking long-term, Alphabet has been a relatively safe bet for decades due to its dominant market position, continued search engine leadership, and the foresight that enabled it to participate in multiple technology trends, including becoming one of the top companies in the ongoing AI boom.
Still, Google is somewhat exposed in the long term since it has made a significant bet that the current AI race will continue without major setbacks, while, according to numerous users, severely degrading the quality of its core search engine business over the last decade.
Featured image via Shutterstock
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