Cathie Wood Is Buying Nvidia Again, Adding 90,443 Shares During the Huang Selloff

Quick Read

• Cathie Wood’s ARK bought about 90,000 NVIDIA shares (NVDA) as the stock sank 4% after the board opened an investigation into Jensen Huang.

• ARKK (NYSEARCA:ARKK) rose 5% and SPY (NYSEARCA:SPY) gained 2% that day, so the drop came from NVIDIA’s own news.

• The roughly $16 million purchase equals about 0.15% of each fund’s assets, a measured add to a position ARK already holds.

• Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)

Monday, November 9, 2026, was the first trading session after NVIDIA’s (NASDAQ:NVDA) board opened an independent investigation into CEO Jensen Huang. That day, Cathie Wood’s ARK Invest bought 90,443 shares. ARK’s daily trade file spread the purchase across five actively managed ETFs. The largest piece, 51,097 shares, went to the ARK Innovation ETF (NYSEARCA:ARKK).

NVIDIA fell 4.27% to $178.67, its lowest close since April 7, 2026. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) gained 2.37%, and ARKK rose 4.66% that day, so the decline came from NVIDIA’s own news.

That news was a staff memo from Huang, released Sunday, November 8. In it, he said he had fallen short and admitted he had been unfaithful to his wife. The board announced its probe the same day. It followed an October 29 report that U.S. intelligence officials concluded Megaspeed executive Alice Huang (no relation) was a suspected Chinese intelligence asset. China’s Foreign Ministry called that account unsubstantiated.

At the close, ARK’s purchase was worth an estimated $16.2 million. That amount is small relative to the size of ARK’s funds, which points to a measured add rather than a major new commitment.

A Small Add to an Existing Position

This was ARK’s third straight session adding NVIDIA. During the November 5 post-midterm AI-chip selloff, ARKK and a sister fund bought 252,592 shares, worth about $45.9 million at that day’s $181.60 close.

——

Learn 7 Ways To Generate Income With A $1,000,000+ Portfolio

If you’ve saved over $1,000,000, this guide is for you. The last thing you want in retirement is to run out of money, you want your money to generate lasting income while you enjoy your life.

Now you can learn the strategies wealthy retirees use to fund their retirement with The Definitive Guide to Retirement Income from Fisher Investments. Download the guide today! (sponsor)

——

Going into November 9, ARKK already held 1,153,992 shares. That made NVIDIA its eighth-largest position at 3.67% of the fund. In each fund, the new purchase came to about 0.15% to 0.16% of assets, so ARK was keeping up a position it already held with conviction.