Cathie Wood's ARK Invest sold millions in top AI chip stocks AMD and Taiwan Semiconductor to invest in Robinhood and two air taxi startups, Archer Aviation and Joby Aviation. This move reflects a shift from established AI winners to riskier, innovative sectors like urban air mobility and fintech. While AMD and TSMC continue to show strong growth and revenue, Robinhood faces challenges from a crypto slump, and the air taxi firms are still developing with significant losses. Upcoming milestones for these companies will test ARK's strategy, balancing potential high rewards against substantial risks.
Robinhood Markets trades at USD 85.17 with a 7.01% drop on Pluang as of Oct 31, 2026 06:21 WIB, reflecting current market caution around the stock. Meanwhile, Archer Aviation is priced at USD 4.19, down 4.34%, showing investor wariness in the air taxi sector. Taiwan Semiconductor, despite being sold by ARK, holds a strong market cap of $1.93 trillion and trades at USD 408.50, down 5.40%, indicating ongoing volatility in AI chip stocks on Pluang.
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