On Monday, Cathie Wood-led Ark Invest purchased shares of Nu Holdings Ltd. (NYSE:NU), Joby Aviation Inc. (NYSE:JOBY), Archer Aviation Inc. (NYSE:ACHR) and Circle Internet Group Inc. (NYSE:CRCL).
The firm also sold shares of the ARK 21Shares Bitcoin ETF (BATS:ARKB), Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) and Advanced Micro Devices Inc. (NASDAQ:AMD).
The Nu Holdings Trade
Ark purchased 76,636 Nu Holdings shares through ARK Blockchain & Fintech Innovation ETF (BATS:ARKF). The trade was worth approximately $964,847, based on Monday’s closing price of $12.59.
Nu shares fell alongside other U.S.-listed Brazilian stocks on Monday after President Luiz Inácio Lula da Silva defeated Flávio Bolsonaro in Sunday’s presidential runoff.
Lula won 51.8% of the vote, compared with Bolsonaro’s 48.2%. The result reversed bets investors had placed on Brazilian assets as Bolsonaro gained ground.
Nu operates a digital bank with its largest customer base in Brazil. Pantheon Macroeconomics economist Andrés Abadía said restoring fiscal credibility would be difficult and expected the Brazilian real to weaken and local yields to rise.
The Joby Aviation Trade
Ark bought 292,119 Joby shares through ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) and another 141,893 shares through ARK Space & Defense Innovation ETF (BATS:ARKX). The combined purchase totaled 434,012 shares, worth approximately $2 million, based on Monday’s closing price of $4.69.
In its second-quarter results released in August, Joby reported revenue of $38.64 million, exceeding the analyst estimate of $30.38 million.
The electric aircraft maker reported a quarterly loss of 25 cents per share, wider than the expected loss of 23 cents. It also raised its full-year 2026 revenue outlook to $115 million–$125 million.
The Archer Aviation Trade
Ark bought 781,854 Archer shares through ARKQ and another 379,750 shares through ARKX. The combined purchase totaled 1,215,866 shares, worth about $4.8 million at Monday’s closing price of $3.94.
Archer Aviation reported second-quarter revenue of $5 million in August, beating estimates of $1.96 million, while its loss of 34 cents per share matched expectations and its adjusted EBITDA loss reached $177.1 million. The company ended the quarter with $1.56 billion in liquidity and announced plans to acquire Boeing’s Wisk, Insitu and SkyGrid businesses, while advancing piloted Midnight flights ahead of planned operations later in 2026.
The Circle Trade
Ark purchased 65,615 Circle shares through the ARK Next Generation Internet ETF (BATS:ARKW). The trade was worth approximately $5.2 million, based on Monday’s closing price of $79.84.
Last week, the Office of the Comptroller of the Currency issued a final rule implementing the GENIUS Act, covering payment stablecoin issuance and related activities by entities under its jurisdiction.
Needham analyst John Todaro maintained a Buy rating on the USDC (CRYPTO:USDC) issuer last week and raised his price target to $134 from $130.
The Bitcoin ETF Trade
Ark sold 85,966 ARKB shares through ARKF and 515,062 shares through ARKW. The combined sale totaled 601,028 shares, worth approximately $15.9 million, based on Monday’s closing price of $26.48.
Separately, veteran analyst Michael Howell said Bitcoin (CRYPTO: BTC) could be showing signs of an early liquidity recovery and a new bull market.
In a Monday interview, Howell identified $70,000 as a key Bitcoin (CRYPTO: BTC) level. He said sustained trading above it, alongside improving bank reserves, could strengthen the case for an earlier recovery. His base case, however, still anticipated a liquidity bottom in the second half of 2027.
The Taiwan Semiconductor Trade
Ark sold 14,737 Taiwan Semiconductor shares through ARKQ and 7,157 shares through ARKX. The combined sale totaled 21,894 shares, worth approximately $9.3 million, based on Monday’s closing price of $424.37.
Moody’s Ratings upgraded TSMC’s credit rating to Aa2 from Aa3 last week, citing its advanced chip manufacturing leadership, financial strength and growing AI demand.
The AMD Trade
Ark sold 16,992 AMD shares through ARKQ and 7,804 shares through ARKX. The combined sale totaled 24,796 shares, worth approximately $13.2 million, based on Monday’s closing price of $531.28.
AMD is scheduled to report third-quarter results on Nov. 3. Analysts expect earnings of $1.95 per share, up from $1.20 a year earlier, and revenue of $13.08 billion, compared with $9.25 billion a year earlier.
Recent analyst actions included Susquehanna maintaining a Positive rating and raising its price target to $620 on Oct. 21. Wedbush maintained an Outperform rating and a $600 target on Oct. 20.
Other Key Trades
- MercadoLibre Inc. (MELI): ARKF and ARKW purchased a combined 2,216 shares.
- Kratos Defense & Security Solutions Inc. (KTOS): ARKQ and ARKX purchased a combined 63,612 shares.
- AeroVironment Inc. (AVAV): ARKQ and ARKX bought a combined 59,171 shares.
- Kodiak AI Inc. (KDK): Ark purchased 182,508 shares through ARKQ.
- Pacific Biosciences Of California Inc. (PACB): ARKG and ARKK purchased a combined 39,450 shares.
- Arcturus Therapeutics Holdings Inc. (ARCT): Ark bought 23,250 shares through ARKG.
- Absci Corp. (ABSI): Ark sold 80,607 shares through ARKG.
Benzinga Edge rankings indicate Nu Holdings stock has a Momentum score in the 44th percentile.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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