{"id":1981,"date":"2026-06-08T08:04:19","date_gmt":"2026-06-08T08:04:19","guid":{"rendered":"https:\/\/durhammovinghub.com\/?p=1981"},"modified":"2026-06-08T08:04:19","modified_gmt":"2026-06-08T08:04:19","slug":"cathie-wood-buys-8-7-million-of-broadcom","status":"publish","type":"post","link":"https:\/\/durhammovinghub.com\/?p=1981","title":{"rendered":"Cathie Wood buys $8.7 million of Broadcom"},"content":{"rendered":"

Cathie Wood<\/a>, head of Ark Investment Management, often trades during earnings season and views a post-earnings dip as a buying opportunity.<\/p>\n

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That’s what she just did, adding shares of a megacap chipmaker after the stock sank roughly 20% in the two trading sessions following earnings.<\/p>\n

In 2025, the flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500<\/a>‘s return of 17.88% in the same period. But so far this year, Wood’s flagship Ark Innovation ETF<\/a> (ARKK<\/a>) is up 2.83%, while the S&P 500 surged 10.79%, Yahoo Finance data<\/a> shows.<\/p>\n

Wood gained a reputation after the Ark Innovation ETF delivered a 153% return in 2020. However, her style also brings painful losses in bearish markets, as seen in 2022, when the Ark Innovation ETF tumbled more than 60%.<\/p>\n

Those swings have weighed on Wood’s long-term gains. As of June 5, the Ark Innovation ETF has delivered a five-year annualized return of -5.91%<\/strong>, while the S&P 500<\/a> has an annualized return of 12.39%<\/strong> over the same period, according to data from Morningstar<\/a>.<\/p>\n

Wood focuses on high-tech companies across artificial intelligence, blockchain<\/a>, biomedical technology, and robotics. She thinks these businesses have strong growth potential, though their volatility<\/a> often causes fluctuations in the Ark’s funds.<\/p>\n

According to Morningstar analyst Bella Albrecht<\/a>, two of Wood’s Ark funds were among the worst-performing ETFs in the first quarter of 2026. The Ark Next Generation Internet ETF (ARKW<\/a>) ranked second on the list, while the ARK Innovation ETF placed fifth.<\/p>\n

From 2014 to 2024, the Ark Innovation ETF wiped out $7 billion in investor wealth, according to a March 2025 analysis by Morningstar’s analyst Amy Arnott<\/a>. That made it the third-biggest wealth destroyer among mutual funds and ETFs in Arnott’s ranking. The analyst hasn’t updated the 2025 ranking.<\/p>\n

Related: Billionaire Ray Dalio issues stunning verdict on U.S. national debt<\/a><\/strong><\/p>\n

Wood said on the June 5 episode of “In the Know”<\/a> that she is closely watching June 17, when Kevin Warsh<\/a>, the new Federal Reserve<\/a> chair, announces the next interest rate decision.<\/p>\n

“I do believe Kevin Warsh knows that interest rates have to come down, mortgage rates at least. And if inflation<\/a> comes down as productivity is increasing, no matter how strong the economy is, I think he will cut rates,” Wood said.<\/p>\n

Wood argued that productivity improvements brought by technology are helping drive the economy while reducing inflation. She added that oil prices already appear to be peaking and could fall further if the Iran war is resolved.<\/p>\n

Wood also pointed to early signs that some companies are cutting prices.<\/p>\n

“We’re hearing other companies like Walmart and Costco<\/a> saying that they are not passing price increases through as much as one would expect because they are seeing efficiency gains and productivity thanks in large part to AI<\/a> and robotics,” Wood added.<\/p>\n

In a March Bloomberg podcast<\/a>, Wood says the global economy is not heading into a downturn, but into what she calls a “great acceleration” driven by AI and other breakthrough technologies.<\/p>\n

“We’re not going into the Great Depression<\/a>, we’re going into the great acceleration,” Wood said. “These technologies are deflationary\u2026 AI training costs are dropping 75% per year, and inference costs are falling as much as 85% to even 98% annually.”<\/p>\n

Not all investors agree with Wood’s optimism. Over the past 12 months through June 4, the ARK Innovation ETF saw roughly $488.95 million in net outflows, according to data from ETF research firm VettaFi<\/a>. <\/p>\n

Getty Images<\/a><\/p>\n

On June 3, Wood’s Ark funds purchased 22,528 shares of Broadcom (AVGO<\/a>). Based on June 5’s closing price of $385.73, these stocks were worth about $8.7 million. <\/p>\n

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Shares of Broadcom tumbled 12.59% on June 4 following a disappointing earnings report, and plummeted another 7.92% on June 5 amid a brutal broader market sell-off.<\/p>\n

Related: Cathie Wood buys $99 million of megacap stock<\/a><\/strong><\/p>\n

On June 3, Broadcom reported fiscal second-quarter adjusted earnings of $2.44 a share on revenue of $22.19 billion. Analysts had expected earnings of $2.40 a share and revenue of $22.27 billion, CNBC reported<\/a>.<\/p>\n

For the current quarter, Broadcom forecast revenue of about $29.4 billion, ahead of Wall Street<\/a> estimates of $28.53 billion.<\/p>\n

Despite the strong growth, investors are disappointed that Broadcom did not raise its forecast for more than $100 billion in AI semiconductor revenue by fiscal 2027.<\/p>\n

“We expect this momentum to continue into fiscal year 2027 and reiterate our AI semiconductor revenue guidance to be in excess of $100 billion,” Broadcom’s CEO Hock Tan said during the earnings call<\/a>.<\/p>\n

Tan also said Broadcom plans to focus on supplying “only chips,” rather than complete AI systems, as Broadcom had previously indicated.<\/p>\n

Like Wood, some Wall Street analysts believe the recent sell-off creates a buying opportunity for Broadcom stock.<\/p>\n

For example, Citi analysts maintained a buy rating and $500 price target on the stock. <\/p>\n

“We view the share price pullback<\/a> as an enhanced buying opportunity,” the analysts wrote in a research note shared with TheStreet. “Lower gross margins due to higher AI sales mix are offset by stable operating margins.” <\/p>\n

Bank of America raised its price target on Broadcom to $530 from $450 and kept a buy rating. The firm said Broadcom’s AI business remains on track, with AI revenue expected to grow about 180% in fiscal 2026 and nearly 100% in fiscal 2027. <\/p>\n

Bank of America analysts also expect demand from new custom AI chip customers, including Anthropic, Meta Platforms, and OpenAI, to support growth alongside its existing business with Google.<\/p>\n

Broadcom is not a top 10 holding in the Ark Innovation ETF.<\/p>\n

Other than buying Broadcom shares, Wood’s recent trading activity included adding to positions in Alphabet (GOOGL<\/a>), Meta Platforms (META<\/a>), Alibaba Group Holding (BABA<\/a>), Coinbase Global (COIN), and Circle Internet Group (CRCL). <\/p>\n

Meanwhile, she trimmed several holdings, including Advanced Micro Devices (AMD), Baidu (BIDU<\/a>), Teradyne (TER<\/a>), Veracyte (VCYT), Twist Bioscience (TWST), 10x Genomics (TXG), and Archer Aviation (ACHR<\/a>).<\/p>\n

Related: Bank of America resets Nvidia stock forecast after CFO meeting<\/a><\/strong><\/p>\n

The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.<\/i><\/p>\n

Read more Love Island USA’s Bryce Claims He Was Bullied for Being Too Good Looking<\/a><\/p>\n

This story was originally published June 7, 2026 at 8:33 PM.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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