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ARK Invest Tracker: Cathie Wood Buys 30K+ Broadcom Shares, Sweeps Up eVTOL Leaders Joby and Archer

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On Thursday, U.S. time, the three major stock indices closed mixed. While tech giants like Nvidia pulled back, the defense sector saw a broad rally fueled by President Trump’s proposal to increase military spending.

Against this backdrop, Cathie Wood is executing a clear sector rotation: doubling down on the “low-altitude economy” and AI hardware, while locking in profits or trimming positions in the recently red-hot defense and space sectors.

Accumulation: Bullish on the “Low-Altitude Economy,” Buying Broadcom on the Dip

The most striking moves in ARK’s latest buy list are the massive bets on the eVTOL (Electric Vertical Take-off and Landing) sector, purchasing over 160,000 shares of Joby Aviation (JOBY) and over 70,000 shares of Archer Aviation (ACHR).

As we enter 2026, the market widely regards this as the “Year of Commercialization” for eVTOLs. Wood’s heavy investment in these two industry leaders sends a strong signal: she believes the tipping point for regulatory approval (such as FAA certification) and commercial operations has arrived. Rather than waiting for a distant future, she is positioning for the imminent launch of “air taxi” services—a bet not just on technology, but on the transformation of urban mobility.

In the AI hardware space, ARK added 31,600 shares of Broadcom (AVGO). As the leader in networking chips and custom ASIC solutions, Broadcom plays an indispensable role in AI data center construction. This move suggests Wood remains confident in the sustained demand for AI infrastructure. Compared to some overvalued AI stocks, Broadcom is viewed as a more resilient core AI asset due to its robust cash flow and monopoly in Ethernet switching.

Divestment: Trimming Defense and Space Stocks

In sharp contrast to her purchases of “civilian” aircraft, Wood hit the sell button on the military and space sectors.

  • Palantir (PLTR): Reduced by 58,700 shares. As a leader in AI and defense data analytics, this move is likely profit-taking or valuation-driven portfolio management.
  • Rocket Lab (RKLB): Sold 24,900 shares. ARK chose to reduce exposure to this commercial space newcomer amid recent volatility.
  • Kratos Defense (KTOS) & AeroVironment (AVAV): Trimmed by 20,100 and 2,017 shares, respectively. Both are major players in the military drone space.

This creates a fascinating “hedge”: selling military drones to buy civilian eVTOLs. It suggests Wood may judge that defense sector premiums have become overextended in the short term, whereas the growth potential and value proposition of the civilian low-altitude economy are currently more attractive.