Ark Invest Dumps Robinhood, Bets Big on Nvidia and AMD

On August 4, 2025, Ark Invest CEO Cathie Wood made a strategic move in her investment portfolio. She sold $1.3 million worth of shares in Robinhood Markets (Nasdaq: HOOD), an online trading platform that offers cryptocurrencies and tokenized stocks.

Instead, Wood invested $4.1 million each in Nvidia (Nasdaq: NVDA) and Advanced Micro Devices (Nasdaq: AMD), two of the world's top chipmakers. Nvidia, the global leader in AI technology, has seen its value surge in recent years. AMD, Nvidia's biggest rival, has also made significant strides in the AI space.

The decision to offload Robinhood shares came after the company reported impressive financial results for the second quarter of 2025. Robinhood's net revenue jumped 45% year-over-year to $989 million, net income grew 105% to $386 million, and diluted earnings per share (EPS) increased by 100% to $0.42.

However, the positive news was dampened by President Donald Trump's tariff announcement the following day, which caused Robinhood's stock to plunge 3% on August 1. As the stock recovered by 6% on August 4, Ark Invest decided to sell its position.

In contrast, Nvidia and AMD are expected to report their own strong Q2 earnings in the coming days. Both companies play a crucial role in the world of crypto mining, as their high-tech AI-driven technology is in high demand by miners.