ARK Invest bought 243,707 Nvidia shares for approximately $53 million on Aug. 28, when the stock closed at $217.55 after falling 4.6% following an 8.7% earnings-driven rally the previous session. Nvidia reported fiscal second-quarter revenue of $96.22 billion, up 106% year over year, and adjusted earnings of $2.22 per share, exceeding consensus estimates of $92.17 billion and $2.10, respectively. The company’s outlook reinforced expectations for continued AI infrastructure growth, with Reuters reporting that revenue could expand roughly 70% in the next fiscal year and CEO Jensen Huang saying demand exceeds supply. ARK simultaneously sold 156,286 AMD shares worth about $74.5 million and bought approximately $20.5 million of Broadcom, indicating a shift within its semiconductor exposure. JPMorgan raised its Nvidia price target to $320 from $280, while Bank of America maintained a buy rating and $350 target. The trade contrasts with Michael Burry’s bearish Nvidia view, which focuses on valuation and the sustainability of AI capital spending. ARKK returned 9.97% year to date through Aug. 28, trailing the S&P 500’s 12.65% gain.