Cathie Wood Is Buying Nvidia Again, Adding 90,443 Shares During the Huang Selloff
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Monday, November 9, 2026, was the first trading session after NVIDIA’s (NASDAQ:NVDA | NVDA Price Prediction) 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.
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.
The trade file is unofficial and leaves out creation and redemption activity (the process of issuing and retiring ETF shares). ARK’s updated holdings files will show the final position.
What ARK Sold to Pay for NVIDIA
On the same day, ARKK sold 72,700 Tempus AI shares, 68,997 Block shares and its last 519 Broadcom shares. Other ARK funds sold 8,509 Palantir shares, 150,588 BYD shares, 3,712 Synopsys shares and 64,295 shares of ARK’s own spot Bitcoin ETF.
ARK also bought 405,720 SoFi shares. Wood usually buys weakness in names she favors and pays for it by trimming other holdings; in this reshuffle, she moved AI money out of Broadcom and Palantir and into NVIDIA at a lower price.
Why Buy Into a Governance Scandal
ARK is buying on the view that the business will survive the controversy. NVIDIA’s fiscal second-quarter revenue was $96.221 billion, up 105.85% year over year. For the third quarter, the company forecast $108.0 billion, plus or minus 2%.
The main risks are dependence on a single leader and export controls, since any finding that links Huang’s conduct to national security could make Washington tougher on chip sales to China. Bill Ackman wrote on X that “Even incredible humans make mistakes” and said he hoped the matter would stay personal rather than become a national-security problem.
How NVIDIA’s Valuation Compares With Its Growth
NVIDIA trades at a trailing price-to-earnings ratio (share price divided by the past year’s earnings per share) of about 36x. Its sales are still more than doubling. Nothing disclosed so far affects demand for its chips.
NVIDIA makes up only 3.67% of ARKK, so most of the fund’s assets sit in Tesla, crypto and biotech names that drive its returns.
NVIDIA’s next earnings report will show whether the business is holding up. It is expected on Tuesday, November 17, after the close, although the company has not confirmed the date. If NVIDIA closes below the $178.10 April low after that report, ARK bought too early.
Contact [email protected] for any questions or corrections.