Cathie Wood's Ark Invest Buys $3.95M Worth Of Amazon Stock Amid Company's Nuclear Moves

Benzinga Neuro

October 21, 2024

On Monday, Cathie Wood-led Ark Invest made a significant move by purchasing shares of Amazon.com Inc (NASDAQ:AMZN). This comes amidst recent developments suggesting that Amazon may be ramping up its interest in nuclear energy to fuel its growing needs.

The Amazon Trade

Ark Invest’s ARK Autonomous Technology & Robotics ETF (BAYS: ARKQ) fund purchased 20,883 shares of Amazon, reflecting 0.4951% of the ETF. At the closing price of $189.07 on the same day, the value of the trade amounts to approximately $3.95 million. This move follows a series of recent developments around Amazon’s potential foray into nuclear energy.

A Benzinga report, in September, revealed that Amazon had reposted a job opening for a Principal Nuclear Engineer in its Data Center Engineering division, raising questions about its long-term energy strategy. Additionally, Amazon announced the expansion of its collaboration with Intel Corp., which has also positively impacted its stock.

Wood’s confidence in Amazon has sparked a debate on whether this is a signal of the tech giant’s impending turnaround or another high-risk gamble.

See Also: Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill Sues Local City Council For Not Excavating The Site

Other Key Trades:

Ark Invest’s ARKG and ARKK funds bought shares of CRISPR Therapeutics AG (CRSP) and Cerus Corp (NASDAQ:CERS).

ARKQ sold a significant number of shares of Oklo Inc (OKLO) while buying shares of BWX Technologies Inc (BWXT) and 3D Systems Corp ( DDD). Shares of Materialise NV (MTLS) and Markforged Holding Corp (MKFG) were sold by the ARKQ and ARKX funds.

Read Next:

Investors Lost Over 95% Of Their Wealth In This Nvidia-Linked ETF While Jensen Huang-Led Chip Giant Gained 220% In The Past Year: Here’s More

This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

Recommended

Prepare for President Kamala - Ad

Hundreds of Hedge Funds Are Fleeing This Stock - Ad

Bigger Returns With Less Capital? The Multiplier Strategy Explained - Ad

Popular

Flying air taxis move closer to US takeoff with issuing of FAA rule

Federal regulators gave a strong push to electric-powered Wednesday by issuing a final rule for operating the aircraft and how pilots will be trained to fly them.

Mexico announces food and agriculture plan that could take the country back to the 1980s

MEXICO CITY (AP) — Mexico’s new president announced a new agriculture plan Tuesday that could make the country’s food production and distribution look a lot more like it did in the 1980s, when meals in Mexico were dominated by tortillas, beans and instant coffee and cheap hot chocolate.

Why November 7th Will Impact Stocks More Than The Election

Why November 7th Will Impact Stocks More Than The Election - Ad

(This happens only once every 25 years.) Just 48 hours after the 2024 Presidential Election... A man from a completely different government branch is going to stand up, say a few words... ... and make history in the stock market. This event comes along only every 25 years... And experts are already positioning themselves to profit from it.

A failed mic leaves Donald Trump pacing the stage in silence for nearly 20 minutes

DETROIT (AP) — paced his rally stage in silence for nearly 20 minutes Friday night in Detroit after his microphone cut out.

Top 2 Materials Stocks You May Want To Dump In October

Two stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Wall Street Slashes NVDA Holdings

Wall Street Slashes NVDA Holdings - Ad

The most successful hedge fund in history quietly sold 500,000 shares. Here's what that means for your money. Billionaire Wall Street investors are quietly offloading millions of shares. What do they know that you don't? It's arguably the most popular stock in the world. Now, one 50-year Wall Street legend says its day in the sun could finally be coming to an end. Last year, he warned of two stocks that went on to crash 60%.

Supreme Court Split Over Trucker Fired For Unintentional CBD Use, Suing Under RICO Act

U.S. Supreme Court considering RICO case involving fired truck driver claiming injury from CBD product, divided on implications of ruling.

Top 3 Consumer Stocks Which Could Rescue Your Portfolio This Quarter

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just released this shocking new video exposing Democrats' secret plan to keep Trump out of the White House... Even if he wins the election. See the details and learn how to prepare... Because this could trigger the biggest constitutional crisis in our nation's history.

Here's Why Bill Gates Drops To Historic Low On Forbes 400 List

Bill Gates has descended to his lowest position on the Forbes 400 list in almost a quarter of a century.

Trump Unleashes Scathing Attack On Former Friend Mark Cuban After Billionaire Criticizes Ex-President's Tariff Plans: 'Weak And Pathetic Bully'

Former President Donald Trump launched a scathing attack on fellow billionaire Mark Cuban on Saturday, accusing him of being a "loser" and a "weak and pathetic bully."

10X More Profitable Than Physical Gold?

10X More Profitable Than Physical Gold? - Ad

There's a backdoor gold play that could deliver 10 TIMES bigger gains than physical gold. In fact, this single investment has outperformed gold by 10-to-1 over the past 25 years... and FAR outperformed most gold stocks

Supreme Court allows a rule limiting pollution from coal-fired power plants to remain in effect

WASHINGTON (AP) — The on Wednesday allowed a Biden administration regulation aimed at limiting planet-warming pollution from coal-fired power plants to remain in place as legal challenges play out.

For migrant women who land in Colorado looking for jobs, a common answer emerges: No

AURORA, Colo. (AP) — East Colfax Avenue was the best place to find a job. That's what everyone told Sofia Roca.

Set Your Alarm For 1:59 P.M. on Nov 7th Because THESE Stocks Set To Rocket Up

Set Your Alarm For 1:59 P.M. on Nov 7th Because THESE Stocks Set To Rocket Up - Ad

1:59 P.M. on November 7th. Set an alarm for that. Because you need to be prepared for an event that will send a certain group of stocks rocketing upward.

Palantir, Amazon, Meta, Spirit Airlines, Tesla: Why These 5 Stocks Are On Investors' Radars Today

PLTR, AMZN, META, SAVE, TSLA were among the top trending stocks on Thursday Oct. 3, 2024.

Russia's Latest 'Time Bomb' Sparks Fear, But It's Not What You Think

Economist Konstantin Sonin says that the ongoing conflict in Ukraine is setting the stage for a major economic crisis in Russia.

320 Hedge Funds Just Sold This Stock

320 Hedge Funds Just Sold This Stock - Ad

A strange force has seized control of Wall Street. Hedge funds are already moving their money... and preparing for even stranger days ahead. Over 320 hedge funds have quietly sold THIS famous stock -- to prepare for a dramatic market shift Get the strange truth from a 50-year Wall Street insider... including the name and ticker of the stock hedge funds are selling hand-over-first.

Stock market today: Asian shares rise after Wall Street rally, and China promises a briefing

TOKYO (AP) — Asian shares mostly rose Thursday, as market optimism got a perk from the record highs set on Wall Street.

Close call at Nashville airport came after planes were directed to same runway, probe shows

WASHINGTON (AP) — Investigators said Wednesday that air traffic controllers cleared an Alaska Airlines jet to take off from Nashville last month after telling pilots of a Southwest Airlines jet to cross the same runway.

Gold: Now Legal Tender

Gold: Now Legal Tender - Ad

Most Americans missed this big story, but 1 in 5 states have now made gold and silver coins legal tender. It's just one reason why so many predict gold will soon hit $5,000. And why you need to check out this $6 strategy for gold immediately.

Speaker Johnson lays out agenda for Republicans as they fight to hold House majority

WASHINGTON (AP) — Speaker laid out on Tuesday a policy agenda should Republicans take the majority next year that extends the tax cuts approved when was president, reduces the size of the federal workforce and gives parents more choice on where they can send their children to school.

The Nobel economics prize is being announced in Sweden

STOCKHOLM (AP) — The Royal Swedish Academy of Sciences is unveiling the winner — or winners — of the Memorial Prize in economics on Monday, wrapping up six days of awards announcements.

My TOP Altcoin for Right Now Is...

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill Sues Local City Council For Not Excavating The Site

James Howells, etched in the history books for accidentally discarding Bitcoin (CRYPTO: BTC), which is worth more than half a billion doll

Bernie Sanders And AOC Clap Back At Mark Cuban's Push for FCC Chief Shakeup: 'Anyone Goes Near Lina Khan And There Will Be An Out And Out Brawl'

Alexandria Ocasio-Cortez and Bernie Sanders have strongly defended FTC chief Lina Khan and opposed Mark Cuban's suggestions that she be replaced if Kamala Harris becomes president.

Elon: Tesla Is a Robotics Company Now

Elon: Tesla Is a Robotics Company Now - Ad

Elon Musk's new plan for Tesla's future has nothing to do with electric cars... TechRadar reports it "will blow your mind..." & McKinsey says it "will shape the coming decade." We recently got our hands on a video clip detailing this breakthrough.

Qantas Airways apologizes after R-rated film reportedly airs on every screen during flight

NEW YORK (AP) — Qantas Airways has drawn up a stir after broadcasting a slightly-racy movie across an entire flight. And the Australian carrier now is apologizing to customers.

Amazon says new technology in delivery vans will help sort packages on the fly and save time

Amazon has revealed new technology that it says will help delivery drivers avoid organizing packages at stops or manually check to see if they have the right parcel for each delivery.

Could $1 Stock Be Sitting on a Billion-Dollar Discovery?

Could $1 Stock Be Sitting on a Billion-Dollar Discovery? - Ad

This $1 stock has already made its mark with a listing on the prestigious NYSE. Now, it's sitting on prime land in one of America's richest gold districts, with the potential for a billion-dollar discovery. For savvy investors, this may be a $1 "Golden Ticket" to massive returns.

Mark Cuban, An Ardent Kamala Harris Supporter, Isn't Keen On Elizabeth Warren As He Is On Her Pro-Crypto GOP Rival: Here's Why

Billionaire investor and television celebrity Mark Cuban has thrown his support behind Republican Senate hopeful John Deaton, who is running against anti-cryptocurrency crusader Sen. Elizabeth Warren (D-Mass.).

Taxpayers in 24 states will be able to file their returns directly with the IRS in 2025

WASHINGTON (AP) — The IRS is expanding its program that allows people to file their taxes directly with the agency for free.

Shocking Footage from Bill Gates' $100 Billion AI Project

Shocking Footage from Bill Gates' $100 Billion AI Project - Ad

Jeff Brown flew to Wisconsin to witness Bill Gates' $100 billion AI project firsthand. What he uncovered will blow your mind!

American Express profit rises in Q3 as card members continue to spend

NEW YORK (AP) — American Express' third-quarter profit topped analysts' expectations as the credit card company's cardholders continue to spend, with many holding a balance.

Petitions for union representation doubled under Biden's presidency, first increase since 1970s

WASHINGTON (AP) — There has been a doubling of petitions by workers to have union representation during President Joe Biden's administration, according to figures released Tuesday by the National Labor Relations Board.

Must-See 20 Second Trading Demo

Must-See 20 Second Trading Demo - Ad

Larry Benedict's hedge fund went 20 years without a single losing year and was ranked in the top 1% in the entire world by Barron's.

Jamie Dimon Warns Of Global Risks To Economy: 'Treacherous And Getting Worse'

Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE: JPM), has issued a stark warning about key challenges that could affect the U.S. economy.

Bathroom break at work? Swiss court upholds watchmaker's rule to do it on your own time

GENEVA (AP) — A court in Switzerland — where time is money for its famed watchmaking industry — has ruled that a dial manufacturer was justified in telling workers: If you need a bathroom break, clock out and take it on your own time.

Tesla Execs Are Freaking Out

Tesla Execs Are Freaking Out - Ad

You might not believe what you're about to see is real, but I assure you the video has been left unedited. It's so revolutionary that tech giants like Microsoft, Amazon, and NVIDIA are all lining up to get their hands on it. And Elon Musk has completely restructured Tesla to chase this opportunity.

BlackRock's Steady Climb: Q3 Earnings Beat Projections, Assets Under Management Soars To $11.5T

BlackRock, Inc. shares rise on Q3 results, with $5.197 billion revenue and $2.13 billion operating income. Net inflow of $221 billion and adjusted EPS of $11.46.

Trending Now