Cathie Wood Sold Palantir and AMD, Then Poured $3.35 Million Into Archer Aviation. Is ARK Betting Big on Flying Taxis? - Yahoo Finance

Cathie Wood’s ARK Invest shifted a portion of its portfolio by selling stakes in Palantir and AMD and directing $3.35 million into Archer Aviation, according to Yahoo Finance. The move signals a reallocation toward a company developing electric vertical takeoff and landing (eVTOL) aircraft.

The report notes ARK Invest’s recent activity involved reducing holdings in Palantir Technologies and Advanced Micro Devices before increasing exposure to Archer Aviation. The overall context suggests a bet on the growth potential of flying taxis and related technology.

Archer Aviation, a developer of eVTOL aircraft, is the beneficiary of the new investment activity highlighted in the article. The dollar amount specified for Archer is $3.35 million, indicating a targeted purchase rather than a broad fund-wide rebalancing.

The publication raises the question of whether ARK Invest is making a sizable bet on flying taxis via Archer Aviation, though it does not provide concrete outcomes or investment rationale beyond the described trades. The article focuses on the transaction details and the potential implications for ARK’s tilt toward aviation startups.