Cathie Wood Invests $20M in CoreWeave Despite the Selloff — What Other Stocks Did She Trade on Feb. 27?

Cathie Wood’s ARK Invest ETFs (exchange-traded funds) made several portfolio moves in Friday’s daily disclosure, led by a purchase in a beaten-down AI infrastructure stock and a defense technology company, while the firm trimmed exposure to semiconductor equipment and space names.

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One of the most notable trades was in CoreWeave CRWV -18.51% ▼ . Wood bought 198,980 shares across its ARK Innovation ETF ARKK -2.28% ▼ and ARK Next Generation Internet ETF ARKW -1.88% ▼ even after the stock dropped 19% following mixed fourth-quarter results. The company reported strong revenue growth and strong demand for its AI cloud services, but investors reacted to wider losses, heavy spending, and a weaker near-term outlook.

By investing millions in CoreWeave despite the decline, ARK signaled it does not view the drop as a change in the company’s underlying business. The firm appears to see the selloff as driven by short-term earnings concerns, while it stays focused on growing demand for AI computing capacity. The purchase indicates ARK still has confidence in the company’s long-term growth despite current losses.

Is CoreWeave a Good Stock to Buy Now?

Turning to Wall Street, CRWV stock has a Moderate Buy consensus rating based on eleven Buy and eight Hold ratings. The average CoreWeave stock price target of $114.18 implies 43.51% upside potential.

What Other Trades Did Wood Execute on February 27

ARK also bought 252,169 shares of Kratos Defense & Security Solutions KTOS -6.47% ▼ worth more than $23 million, making it the largest trade of the day. Kratos builds unmanned aircraft and autonomous defense systems, which fit ARK’s focus on robotics and automation.

The purchase suggests the firm expects rising demand for software-driven and autonomous military platforms.

On the selling side, ARK reduced exposure to Teradyne TER -3.81% ▼ , offloading 38,773 shares across multiple ETFs. Teradyne provides semiconductor testing equipment and industrial automation solutions for businesses. The sale continues ARK’s recent trimming of the position and may reflect caution toward cyclical semiconductor spending.

ARK also sold 46,921 shares of Rocket Lab RKLB -4.89% ▼ . The company had just reported quarterly results that beat earnings and revenue expectations, but the stock still declined, with shares closing about 5% lower Friday.

While Rocket Lab showed strong launch activity and rising backlog, the first launch of its larger Neutron rocket was pushed to late 2026. The sale suggests ARK may have used the post-earnings volatility to reduce exposure after the report.

Let’s see how all of these stocks perform using the TipRanks Stock Comparison Tool.

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