ARK shifts from Broadcom into Nvidia

Cathie Wood’s ARK Invest made a sizable shift between two major AI chipmakers on November 5, 2026, selling a large Broadcom stake while buying Nvidia shares during a sharp semiconductor downturn. ARK’s funds sold 410,559 shares of Broadcom Inc., valued at about $119.7 million. On the same day, ARK bought 252,592 shares of Nvidia Corporation, worth about $45.9 million. The moves redirected capital away from Broadcom and toward Nvidia, increasing ARK’s exposure to one AI leader while trimming another.

The Broadcom sale was spread across multiple ARK exchange-traded funds, with a majority of the dollar value attributed to the ARK Innovation ETF (ARKK). ARK did not provide a stated reason for either the Broadcom sale or the Nvidia purchase in its trade disclosures. Nonetheless, the transactions formed the largest single-day changes in these two positions reported by the firm on November 5.

The trades took place on a day when the Nasdaq 100 recorded its worst session since March 2020 and semiconductor stocks were hit hard. Nvidia shares fell about 9% on Thursday, closing at $181.60, which placed the stock roughly 2% lower for 2026 and below its December 31, 2025 closing level of $186.06. Broadcom shares dropped 10.43% to close at $291.53, leaving them down about 16% year to date.

Both stocks showed a rebound ahead of the U.S. open on Friday, November 6. At 6:00 a.m. ET, Nvidia was trading at $188.90 in premarket activity, up 4.02%, which put it about 1.52% higher for 2026. Broadcom traded at $303.54, up 4.12% in the premarket session, though it remained down 11.82% for the year. The quick bounce highlighted the volatility around AI and semiconductor names but did not resolve the longer-term impact of ARK’s portfolio rotation.

Despite the selloff that framed ARK’s trades, equity analysts remain broadly positive on both Nvidia and Broadcom. All 33 analysts covering Nvidia rate the stock a Buy, giving it a unanimous Strong Buy consensus. Their average 12‑month price target is $322.50, which implies 77% upside from Thursday’s closing price.

Broadcom also retains a favorable analyst profile, with 29 Buy ratings and one Hold supporting a bullish consensus. The average 12‑month price target for Broadcom stands at $523.72, indicating about 80% potential upside from Thursday’s close, slightly higher than the upside implied for Nvidia. While ARK’s latest transactions shift its allocation more toward Nvidia and away from Broadcom, analyst expectations suggest that both chipmakers are still viewed as having substantial room to recover from recent declines.

Alongside the Nvidia and Broadcom trades, ARK disclosed additional adjustments related to AI and high-growth technology. The firm bought shares in companies including Advanced Micro Devices (AMD), Alphabet (GOOGL), and Coinbase (COIN), and sold positions in names such as Eli Lilly (LLY) and Taiwan Semiconductor Manufacturing (TSM) Company. It also increased holdings in Cerebras Systems (CBRS) and reduced its stake in CoreWeave (CRWV), while making a sizable purchase in Space Exploration Technologies Corp (SPCX). These moves collectively reflect ARK’s continued focus on technology and innovation-driven sectors while it rebalances exposure among leading AI hardware and platform providers.