ARK Invest reduced roughly $34.52 million of holdings in Alphabet, Advanced Micro Devices, Palantir Technologies and Amazon across the ARK Innovation ETF and ARK Next Generation Internet ETF, while buying about $7.32 million of Meta Platforms stock for the second consecutive week. The rotation came as Anthropic’s chief executive urged slower frontier-model development and OpenAI CEO Sam Altman said the company would not pursue an initial public offering this year. Citigroup’s Stuart Kaiser warned that AI safety concerns, higher bond yields, rising oil prices and the November midterm elections could pressure U.S. equities, identifying Microsoft, Alphabet, Meta and Amazon as vulnerable names. ARK’s continued accumulation of Meta reflects optimism about its Muse AI assistant and Mark Zuckerberg’s vision for personal superintelligence, despite rising infrastructure costs, weaker-than-expected earnings per share and unresolved privacy and reliability concerns. Analysts remain broadly positive on Meta, with price targets above current levels and potential monetization through subscriptions, agentic commerce and advertising. ARK also sold shares of the ARK 21Shares Bitcoin ETF and Coinbase Global while buying AeroVironment, indicating a broader repositioning across AI, crypto and defense technology. Trade values were based on Monday, September 14, closing prices.