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StocksMediumUpdated•Originally published 12 April 2026•Updated 14 April 2026•

1 min read

ARK Invest Rebalances: Buys $11M in Palantir, Sells AMD Shares

Key Facts

1ARK Invest purchased 85,485 shares of Palantir Technologies worth $11.15 million.

about 2 months ago

Version History

Version 1about 2 months ago

What changed: Updated story to include Palantir's pre-market price surge, Donald Trump's endorsement, and details on the share distribution across ARK's ETFs.

ARK Invest, led by Cathie Wood, executed a strategic rebalancing by acquiring 85,485 shares of Palantir Technologies across five ETFs, a transaction valued at $11.15 million. Following this move, Palantir shares rose 2.49% to approximately $131 in Monday's pre-market trading, bolstered by an endorsement from former President Donald Trump. The stock also benefited from bullish sentiment surrounding military AI contracts despite broader geopolitical tensions. Simultaneously, ARK reduced its semiconductor exposure by selling $10.52 million worth of AMD shares and continued its divestment from Strata Critical Medical. These adjustments signal ARK's strong conviction in Palantir's growth trajectory over AMD's current valuation. The combination of institutional buying and political backing is expected to further drive retail interest in PLTR.