Cathie Wood's ARK buys CoreWeave, Cerebras, Meta and Rocket Lab amid selloffs
The gist
ARK, led by Cathie Wood, bought CoreWeave, Cerebras, Meta and Rocket Lab shares during a week of declines.
Wood defended CoreWeave's steep debt costs, saying young firms can still pay off.
How it unfolded
- Oct 8, 2026Ark funds sold 24,299 Meta Platforms shares.
- Oct 13, 2026Ark funds bought 22,734 Meta Platforms shares worth about $17.3 million at $762.5 each, reversing recent selling.
- Oct 13, 2026Speaking to investors in Hong Kong, Wood warned that China's expanding memory production could increase volatility in memory-chip pricing.