ARK Investment Management, led by Cathie Wood, made three separate purchases of Meta shares in September 2026, even as Meta faced rising expenses from AI infrastructure investments and new competition in AI products. Meta's stock had climbed nearly 24% in the prior month but dropped 4.79% on September 28 due to concerns about AI spending and rival AI assistants. ARK funded these buys by selling shares in other AI-related companies like Alphabet and CrowdStrike, signaling confidence in Meta's long-term growth potential despite short-term cash flow challenges. Meta's recent launch of AI agents has shown strong early adoption, with over 1 million businesses using them weekly, which could justify the heavy spending if it translates into revenue growth.
As of Sep 30, 2026 02:41 WIB, Meta Platforms Inc (META) trades at USD 734.48 on Pluang, up 2.64% in the last day, showing resilience after recent volatility. Meanwhile, Alphabet Inc (GOOGL) is slightly down 0.52% at USD 340.97, and CrowdStrike Holdings Inc (CRWD) is up 1.06% at USD 261.99. Meta's market cap stands at $1.82 trillion, reflecting strong investor interest despite short-term challenges noted in the news.
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