Cathie Wood-led Ark Invest offloaded nearly $4 million worth of Nvidia Corp (NASDAQ:NVDA) shares on Thursday, despite the stock’s ongoing rally fueled by robust fourth-quarter earnings and optimistic analyst forecasts.
The NVIDIA Trade
The firm sold 5,067 Nvidia shares through ARK Next Generation Internet ETF (NYSE:ARKW). The transaction was valued at $3.98 million. Nvidia shares rallied 16.4% in the regular session to $785.38 on Thursday. The shares gained another 1.7% in the after-hours trading.
Nvidia shares have shot up 58.6% so far this year — the gains are even more impressive over 12 months at 231.9%.
Further analysis by seven analysts echoed this sentiment, highlighting Nvidia’s sustained momentum in AI technologies.
See Also: Time To Dive Into Cathie Wood’s Portfolio Stocks? Ark Founder Says They’ve Corrected Tremendously
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