Tracking Cathie Wood: Adds to AI giants Google and Broadcom, aggressively buys Bullish but sells Coinbase

In the past night and this morning, the software sector and cryptocurrencies, which have had a tough few days, saw another round of declines. Weak US employment data also brought the recent 'sector rotation' to an abrupt halt, with selling spreading across the entire market.

At the close, the S&P 500 Index fell by 1.23%, the Nasdaq Composite Index dropped by 1.59%, marking the most severe three-day selloff since April last year; the Dow Jones Industrial Average declined by 1.2%. Bitcoin fell below $64,000 during trading, nearly halving in value over the past six months; spot silver also saw a one-day drop of nearly 20%.

Overnight, 'Woodie' made decisive moves: she is significantly reducing positions in traditional 'cyclical' semiconductors and long-standing crypto exchanges, while heavily betting on 'AI vertical applications' and 'next-gen crypto infrastructure.'

I. Buying direction: Betting on 'compliant crypto' and 'AI implementation'

'Woodie's' buying actions that day were highly aggressive, opting not to cast a wide net but instead focusing her efforts on two core strategies:

1. Crypto sector: Heavy bets on compliance-focused upstarts, positioning for the Solana ecosystem

$Bullish (BLSH.US)$ : Increased position by 716,000 shares, the strongest signal of the day. Amid an overnight pullback in BLSH with the broader market, ARK aggressively accumulated shares. This indicates 'Woodie' is placing heavy bets on Bullish, anticipating institutional funds will flow into more 'compliant' and 'deeply liquid' exchanges by 2026.

$Brera Holdings (SLMT.US)$ : Increased position by 150,000 shares. As a concept stock transitioning into the Solana ecosystem, SLMT is seen as leverage for on-chain assets. With this move, 'Woodie' is casting a vote of confidence in Solana’s explosive potential with real capital.

2. AI and hard tech: Shifting from virtual to tangible, locking in 'high-value' targets

$Tempus AI (TEM.US)$ : Increased position by 295,500 shares. TEM, a leader in applying AI to genomics and clinical data, represents the best practical example of ARK’s 'convergent technology' theory. The significant increase in holdings suggests ARK believes the adoption of AI in the biopharmaceutical field will outpace expectations.

3. Adding positions in AI giants on dips

$Broadcom (AVGO.US)$ Added 87,100 shares & $Alphabet-C (GOOG.US)$ Bought 67,600 shares. Broadcom (the dominant player in networking chips) and Google (a leader in models and computing power) are currently the most reliable AI infrastructure investments. This addition is part of a 'ballast' allocation to balance portfolio volatility.

Second, selling direction: Exiting 'cyclical stocks' and replacing 'old chips'

The logic on the selling side is equally clear: Realizing profits from positions that have already met expectations to fund new opportunities.

1. Semiconductors and hardware: Hedging against cyclical pullbacks

$Qualcomm (QCOM.US)$ Reduced holdings by 228,900 shares, which is a very cautious signal. The reduction in Qualcomm may indicate that 'Wood' believes the recovery in consumer electronics AI has been overextended in the short term, or its growth trajectory isn't as steep as that of software/bio-AI mentioned earlier.

Qualcomm plunged more than 8% post-earnings. From the latest results, although its second-quarter revenue exceeded expectations, the overall outlook remains tepid. Management noted rising AI data center storage demands squeezing supply and cost space for smartphone OEMs, with some customers reducing inventory levels, thereby dragging down short-term chip orders.

Sold at a high point $Teradyne (TER.US)$ 103,600 shares. As a leader in automated testing equipment, TER was once a favorite stock of ARK. This reduction might stem from capital efficiency requirements pushing her to move funds into areas with higher potential returns.

2. Traditional crypto exposure: Tactical retreat

$Coinbase (COIN.US)$ A reduction of 119,200 shares was executed. Combined with the purchase of BLSH, this is not a bearish view on the crypto industry but rather a perfect 'Switch Trade.' COIN, as the beta of the previous bull cycle, already has a relatively full valuation; reallocating funds to Bullish is clearly aimed at capturing higher odds from the next wave of compliance-related benefits.

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