On Wednesday, -led Ark Invest executed significant trades involving  PLTR,  AMD, and  SHOP.

Ark Invest made a notable move by selling shares of  PLTR across ARKW and  ARKX. The sale involved 19,005 shares in ARKW and 3,375 shares in ARKX. With Palantir’s stock closing at $118.44, the total value of the shares sold amounted to approximately $2.65 million. Palantir has been in the spotlight due to its recent defense contracts and upcoming earnings report on May 5. The company has been actively involved in the TITAN program, delivering systems to the U.S. Army, which has contributed to its stock’s 55% year-to-date increase. 

Ark Invest also increased its stake in  AMD through  ARKK and . The firm purchased 106,769 shares in ARKK and 12,349 shares in ARKW, totaling a value of approximately $11.56 million, with AMD’s stock closing at $97.35. This move comes amid industry discussions about Huawei’s development of an AI chip, potentially challenging competitors. Despite this, AMD continues to be a key player in the semiconductor industry. Notably, Ark has made AMD purchases throughout this week so far. The company loaded up on $3.79 million worth of shares on Monday and another $747,923 worth on Tuesday.

Ark Invest’s purchase of 12,632 shares of  SHOP through its  ETF reflects a strategic investment in the e-commerce sector. With SHOP’s stock closing at $95.00, the transaction was valued at approximately $1.2 million. Shopify faces new challenges due to changes in trade policies, impacting e-commerce platforms. Despite these headwinds, Shopify remains a significant player in the digital commerce landscape. 

places Palantir Momentum in the 99th percentile and Growth in the 86th percentile. How do other potent rivals compare? Find out here.

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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal