Cathie Wood's Ark Invest sold shares of Palantir and AMD and poured $3.35 million into Archer Aviation, the flying-taxi maker, signaling a rotation away from some of this year's biggest AI software and chip winners toward earlier-stage transportation bets.
The move comes alongside two other signals of Wood's positioning: she sent a bullish response to a 'dead cat' warning on bitcoin, defending the case for continued upside, and Ark has never sold its core Tesla stake even though Tesla has trailed every other Magnificent Seven stock in 2026. Together the moves describe a manager willing to take profits in established AI names while doubling down on higher-risk, longer-horizon bets in flying taxis, bitcoin and Tesla.
What's unresolved is whether the Archer Aviation bet and the bitcoin defense pay off before Ark's flagship funds, whose performance depends heavily on these concentrated positions, face redemption pressure if the bets underperform.