She shared this view during an ARK Funds webinar and noted that markets reacted quite strongly to her comments. In her opinion, talk of an AI “bubble” is still premature, as commercial demand for the technology continues to grow. As an example, Wood pointed to Palantir, whose U.S. commercial revenue jumped 123% in the last quarter, signaling a rapid expansion of AI adoption across businesses nationwide.
At the same time, ARK Invest has been actively increasing its exposure to leading technology companies. On Tuesday, the fund purchased more than 174,000 shares of Alphabet worth over $56 million, significantly strengthening its position in the tech sector amid the company’s rising stock price. Over the past five trading sessions, Alphabet shares gained more than 8.9%, and monthly growth exceeded 22%, pushing its market capitalization to approximately $3.816 trillion.
Investments in the crypto ecosystem also increased. ARK purchased Coinbase shares worth $3.75 million and added nearly $7 million worth of Circle shares to its portfolio. In addition, the fund invested around $2 million in its own ARK 21Shares Bitcoin ETF and continued expanding its exposure to crypto infrastructure.
Last week, ARK also increased its stake in BitMine Immersion Technologies, a company focused on Ethereum-oriented mining and the development of a growing treasury business. The fund first acquired its shares in July and now views the roughly $182 million position as a long-term bet on the growth of the Ethereum ecosystem.
Exposure to artificial intelligence infrastructure is also expanding. ARK invested $29.4 million in CoreWeave, a cloud computing company that provides high-performance capacity for large-scale AI projects. The fund also purchased $21.5 million worth of Meta shares, further strengthening its focus on companies closely tied to AI development.
The release of Google’s new Gemini 3 model has reignited interest in the sector. The company unveiled its most advanced AI solution to date and, according to sources, is already in talks with major cloud providers regarding access to its in-house chips.
Wood emphasized that the corporate sector is still moving more slowly in terms of productivity gains than the consumer market, but commercial activity is steadily picking up. This aligns with ARK’s observations of continued growth in enterprise demand for AI solutions across various industries.
ARK’s interest in crypto has also intensified amid changes in market structure and the growing role of stablecoins and exchange platforms. Coinbase and Circle remain key elements of this strategy, while investments in ARKB and BitMine further increase the fund’s exposure to bitcoin and the Ethereum ecosystem.
Recently, Cathie Wood revised her 2030 bitcoin price forecast from $1.5 million to $1.2 million, linking the adjustment to the accelerated growth of the stablecoin market. This has raised new questions for investors: how should one position in an environment where stablecoin volumes are expanding faster than bitcoin’s long-term capitalization?
Additional context to this discussion is provided by Alphabet’s strong performance. Over the past six months, the company’s shares are up nearly 90%, outpacing the growth of the entire cryptocurrency market combined. All of these factors place ARK at the center of the conversation about the future of AI infrastructure, the crypto industry, and global liquidity.