Cathie Wood Is Buying DoorDash Stock After Identifying AI As Most 'Disruptive' Innovation In History: ARK Also Snaps Up AMD and Alphabet
Cathie Wood Is Buying DoorDash Stock After Identifying AI As Most 'Disruptive' Innovation In History: ARK Also Snaps Up AMD and Alphabet
Shivdeep DhaliwalThu, February 26, 2026 at 5:31 AM UTC
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On Monday, Cathie Wood-led Ark Invest executed significant trades across its ETFs, focusing on companies like Figma Inc. (NYSE:FIG) , DoorDash Inc. (NASDAQ:DASH), and Advanced Micro Devices Inc. (NASDAQ:AMD). The Wood-led company also transacted in the shares of BWX Technologies Inc. (NYSE:BWXT), Alphabet Inc. (NASDAQ:GOOG) and Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM)
The Figma Trade
Ark Invest made a substantial purchase of Figma shares, acquiring 380,126 shares through its ARK Innovation ETF (BATS:ARKK) and an additional 97,319 shares via ARK Next Generation Internet ETF (BATS:ARKW). With FIG’s closing price at $24.75, the total investment amounted to approximately $11.8 million.
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This move follows Figma’s recent earnings report, where the company exceeded expectations with earnings of eight cents per share, surpassing the Street’s estimate of seven cents. Notably, Ark Invest bet $25.86 million on Figma shares last week.
The DoorDash Trade
Ark Invest also increased its stake in DoorDash, purchasing 24,308 shares through ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) and 8,770 shares via ARK Space & Defense Innovation ETF (BATS:ARKX). With DASH closing at $164.66, the total value of these purchases was approximately $5.4 million. This acquisition comes after DoorDash reported earnings of 48 cents per share last week, missing the expected 60 cents, which led to a notable drop in its stock price.
Wood said on Monday that companies that harness artificial intelligence aggressively could lower costs, drop prices, and stimulate growth in revenues and earnings. She cited DoorDash as an example in her post on X. Wood called AI the “most disruptive innovation in history.”
According to @ARKInvest's research since 2014, AI is likely to be the most disruptive innovation in history. As @GrousARK writes here, companies harnessing AI aggressively–like $DASH–could lower their costs, drop prices, and stimulate surprising growth in revenues and earnings. https://t.co/GpPBYBMpGi
— Cathie Wood (@CathieDWood) February 23, 2026
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The AMD Trade
Ark Invest bought 30,861 shares of AMD through ARKQ and 3,712 shares via ARKX. With AMD’s closing price at $196.60, the total investment was approximately $6.8 million. This purchase occurs amid a subtle shift in investor sentiment, as some are reducing exposure to semiconductor stocks despite AMD’s strong performance.
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The BWX Technologies Trade
Ark Invest reduced its position in BWX by selling 11,879 shares through ARKK. With BWXT’s closing price at $198.38, the sale was valued at approximately $2.4 million. BWX Technologies’ stock was seen trending overnight after the company released its earnings report. For the fourth quarter, it reported earnings per share of $1.08 compared with an estimate of $0.89.
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The Alphabet Trade
Ark Invest acquired 19,105 shares of Alphabet’s Class C stock through ARKQ, with the stock closing at $311.69. The purchase was valued at approximately $6 million. This trade comes amid concerns raised by investor Michael Burry about accounting practices in the tech industry.
The TSMC Trade
Ark Invest reduced its holdings in TSMC by selling 6,442 shares through ARKK and 6,187 shares via ARKW. With TSM’s closing price at $370.04, the total sale was valued at approximately $4.7 million.
Other Key Trades:
Sold 248,197 shares of Draftkings Inc. (DKNG) through ARKK.
Sold 179,330 shares of Iridium Communications Inc. (IRDM) through ARKQ.
Bought 18,534 shares of Broadcom Inc. (AVGO) through ARKQ.
Bought 666,955 shares of Aurora Innovation Inc. (AUR) through ARKQ.
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This article Cathie Wood Is Buying DoorDash Stock After Identifying AI As Most 'Disruptive' Innovation In History: ARK Also Snaps Up AMD and Alphabet originally appeared on Benzinga.com
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