Cathie Wood’s Ark Invest Deploys $81.5 Million into $NVDA Following Massive Buyback Expansion

Ark Investment Management founder Cathie Wood has acquired $81.5 million worth of $NVDA shares, purchasing 356,681 shares at approximately $228.38 each as part of ongoing portfolio adjustments.
The allocation follows $NVDA's announcement of a historic $150 billion share repurchase program expansion, bringing its total authorized buyback pool to $235 billion through fiscal year 2028, alongside robust forward guidance driven by persistent data center demand.
Wood attributed rising macroeconomic interest rates primarily to stronger-than-expected real economic growth fueled by technological innovation, maintaining a bullish long-term outlook on artificial intelligence productivity gains despite historical volatility in flagship ARKK fund returns.