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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting a profit-taking strategy amid a tech sector recovery, Cathie Wood's Ark Invest sold millions of dollars worth of shares in Tesla, Palantir, and AMD. According to reports, the sale of TSLA shares occurred as the stock rose on rumors regarding a potential merger with SpaceX. The significant sell orders also included positions in Roku and AMD during a broader market rally.
These trades come at a time of mixed performance in the semiconductor and AI sectors, with NVDA closing at $212.45 and TSM at $441.40 per market data on June 15, 2026. Compared to the previous quarter, Ark funds continue to rebalance portfolios to reduce concentration in stocks that achieved rapid gains, especially as AMD reached $547.26 while peer INTC stood at $127.86 during the same period.
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Sign InInvestors should watch key support levels as TSLA closed at $411.15 and PLTR at $134.71 (close June 15, 2026). Looking at the economic calendar, market sentiment may be influenced by upcoming US inflation data, following a previous annual CPI reading of 4.2%, which could dictate liquidity flows into growth stocks in the coming sessions.