ARK Invest Pivot: Wood Bets $11.15 Million on Palantir Software While Trimming AMD Semiconductor Exposure

Cathie Wood's ARK Invest adds $11M in Palantir shares despite Michael Burry's bubble warnings, while Intel expands its AI partnership with Google.

By: AXL Media

Published: Apr 12, 2026, 4:12 PM EDT

Source: Information for this report was sourced from TipRanks

ARK Invest Signals Strategic Pivot Toward AI Software

Cathie Wood and her team at ARK Invest executed a significant tactical shift in their artificial intelligence portfolio on Friday, April 10, 2026. Daily fund disclosures reveal that Wood directed a combined $11.15 million into Palantir Technologies, acquiring 85,485 shares across the ARK Innovation, Autonomous Technology & Robotics, and Next Generation Internet ETFs. This aggressive "buy the dip" maneuver occurred as Palantir’s stock faced downward pressure, signaling Wood’s conviction that the long-term value of AI lies in integrated software platforms rather than the underlying hardware.

Contrasting Visions on Palantir’s Market Valuation

The accumulation of Palantir stock by ARK Invest serves as a direct counter-narrative to the cautious stance taken by Michael Burry. The "Big Short" investor recently issued a public warning on X, suggesting that Palantir has entered a speculative bubble. Burry specifically highlighted the rise of AI startup Anthropic and its "Mythos" model as a primary threat to Palantir’s market dominance. While Burry’s critique contributed to a sharp weekly pullback for the stock, Wood appears to be leveraging the resulting volatility to solidify her position in a company she views as a cornerstone of the software revolution.

Trimming Semiconductor Exposure Amid Sector Strength

Parallel to the Palantir acquisition, ARK Invest divested 44,446 shares of Advanced Micro Devices (AMD), totaling approximately $10.52 million. This reduction comes at a time of general strength for the semiconductor industry, driven by robust sales reports from global leader TSMC. Although Wood is trimming her position, Wall Street analysts remain largely optimistic about AMD’s trajectory. According to Daniel Ives of Wedbush, the narrative of Palantir’s obsolescence is fictional, as he maintains a $230 price target based on the firm’s massive growth in U.S. commercial revenue.