ARK Invest Bets Big on CoreWeave Amid Selloff

Cathie Wood’s ARK Invest purchased about 198,980 CoreWeave shares (~$19.4 million) despite a 19% drop after mixed Q4 results, signaling conviction in AI infrastructure demand. ARK also bought 252,169 shares of Kratos Defense & Security Solutions while trimming exposure to Teradyne and Rocket Lab. Wall Street assigns CRWV a Moderate Buy with a price target around $114, implying ~43% upside; the moves reflect a long‑term AI compute growth thesis rather than near‑term earnings concerns.