CRWV and RBLX: Cathie Wood Invests Over $27 Million in Tech Stocks
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The largest trade of the day was the purchase of 125,799 Roblox shares, spread across three ARK funds, namely, ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF), valued at $15.8 million. The buy continues a trend, as ARK has steadily increased its stake in the gaming platform throughout the past week.
Another notable move was the addition of 120,229 CoreWeave shares through the ARKW ETF, worth nearly $12 million. CoreWeave has emerged as a rising name in cloud and high-performance computing, offering infrastructure critical to AI development. ARK's growing position signals strong confidence in CoreWeave's potential to become a key player in the next phase of computing.
ARK Expands Its Biotech Bets on Friday
ARK continued to invest in healthcare names, with ARKK purchasing 165,024 shares of CRISPR Therapeutics (CRSP) valued at $9.7 million. The firm also added 456,045 shares of Intellia Therapeutics (NTLA) worth about $5 million, along with 417,397 shares of Twist Bioscience (TWST) valued at $12 million.
These trades show ARK's focus on gene-editing and synthetic biology companies, even as biotech stocks remain volatile.
On the sell side, ARK's ARKW ETF offloaded 190,396 shares of Genius Sports (GENI) for about $2.5 million. Notably, the stock has gained over 49% year-to-date.
Let's take a brief look at how all these stocks perform on .
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Cathie Wood buys $12 million of tumbling AI stock
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But the momentum faded in March and April, with the funds trailing the market as top holdings — especially Tesla, Wood's biggest position — slid amid growing concerns over the macroeconomy and trade policies. Now, the Ark funds are making a strong comeback. As of Aug. 15, the flagship Ark Innovation ETF () is up 33.7% year-to-date, far outpacing the S&P 500's 9.7% gain. Wood's remarkable return of 153% in 2020 helped build her reputation and attract loyal investors. Her strategy can lead to sharp gains during bull markets but also painful losses, like in 2022, when ARKK dropped more than 60%. Those swings have weighed on her long-term results. As of Aug. 15, the Ark Innovation ETF has delivered a five-year annualized return of negative 1.4%, while the S&P 500 has an annualized return of 15.6% over the same period. Cathie Wood's investment strategy explained Wood's investment strategy is straightforward: Her Ark ETFs typically buy shares in emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology, and robotics. She says these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' values. More investing: Once battered AI stock surges 43% after earnings Veteran analyst sounds alarm on Rocket Lab stock after earnings Veteran fund manager turns heads with Palantir stock price target Over the 10 years ending in 2024, the Ark Innovation ETF wiped out $7 billion in investor wealth, according to an analysis by Morningstar's analyst Amy Arnott. That made it the third-biggest wealth destroyer among mutual funds and ETFs in Arnott's ranking. Still, Wood has been bullish on the market. In a letter to investors published in late April, she dismissed predictions of a recession dragging into 2026 and struck an optimistic tone for tech stocks. "During the current turbulent transition in the U.S., we think consumers and businesses are likely to accelerate the shift to technologically enabled innovation platforms including artificial intelligence, robotics, energy storage, blockchain technology, and multiomics sequencing," she said. Many investors share this optimism. Over the past five days through Aug. 14, the Ark Innovation ETF attracted $5.52 billion in net inflows, according to data from ETF research firm VettaFi. That's almost 70% of the fund's $8 billion assets at the end of July. Cathie Wood buys $12 million of CoreWeave stock On Aug. 15, Wood's Ark Next Generation Internet ETF () bought 120,229 shares of CoreWeave Inc. () worth roughly $12 million. The purchase came after CoreWeave tumbled 20.8% on Aug. 13 and another 15.5% on Aug. 14, following earnings that showed a larger-than-expected loss as the company increased spending to meet surging is a cloud infrastructure company specializing in GPU-accelerated computing for artificial intelligence and machine learning workloads. The company is backed by Nvidia () , now the AI chipmaker's largest holding. On Aug. 12, CoreWeave posted a second-quarter loss of 60 cents per share, much wider than Wall Street analysts' forecast of a loss of 45 cents. Still, revenue jumped 207% from a year earlier to $1.21 billion, topping estimates. Operating expenses in Q2 nearly quadrupled, rising 276% to $1.19 billion. 'We are scaling rapidly as we look to meet the unprecedented demand for AI,' said Michael Intrator, co-founder and CEO of CoreWeave. 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Cathie Wood Buys the Dip in CoreWeave Stock (CRWV) While Wall Street Remains Cautious
CoreWeave (CRWV) stock has plunged nearly 33% since the company announced its second-quarter results. The artificial intelligence (AI)-powered cloud computing company generated a 207% jump in its Q2 revenue but reported a larger-than-anticipated loss. Moreover, concerns about near-term volatility due to the end of the lock-up period, which allows early investors and insiders to sell the stock, are also weighing on investor sentiment. While Cathie Wood bought the dip in CoreWeave stock by purchasing 120,229 shares via the ARK Next Generation Internet ETF (ARKW) on Friday, Wall Street remains cautious due to high leverage and significant capex. Despite the recent pullback, CRWV stock has risen about 150% from its initial public offering (IPO) price of $40. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Meanwhile, CoreWeave's key AI chip supplier, Nvidia (NVDA), increased its stake in the AI infrastructure company in Q2 2025. Following the Q2 print, Bank of America Securities analyst Bradley Sills lowered the price target for CoreWeave stock to $168 from $185 and reiterated a Hold rating. The 4-star analyst noted that a 4% quarter-over-quarter rise in backlog, excluding the OpenAI deal, was somewhat disappointing, though it does not include a second announced expansion deal that will be included in Q3. Sills added that the company didn't provide much information about the status of the Core Scientific (CORZ) deal. He expects the speculation about regulatory scrutiny to remain an overhang on CRWV stock. Sills also expects the lock-up expiration to be an overhang on CoreWeave stock. That said, the analyst believes that CoreWeave remains well-positioned to benefit from a ramping AI infrastructure industry. Meanwhile, Morgan Stanley analyst Keith Weiss reiterated a Hold rating on CoreWeave stock with a price target of $91. The 4-star analyst stated that accruing and expanding large contracts from the most demanding generative AI users validate CoreWeave's strong positioning for the ramping graphics processing units (GPU) build-out. Weiss thinks that large contract wins from Microsoft (MSFT) and ChatGPT-maker OpenAI are 'enabling a top-line scaling function,' but present a double-edged sword. While on one side, these deals validate CRWV's strong technology from the most demanding AI customers, on the other hand, they bring in a level of customer concentration risk, setting a high bar for other customers to become meaningful to the overall story. Is CoreWeave Stock a Good Investment? Overall, Wall Street is sidelined on CoreWeave stock, with a Hold consensus rating based on 16 Holds, six Buys, and two Sell recommendations. The average CRWV stock price target of $115.29 indicates 15.3% upside potential from current levels.
