Cathie Wood Is Moving Money From Palantir Into Rocket Lab and Fintech

This article first appeared on GuruFocus. Cathie Wood is changing where she wants her growth-stock exposure. ARK Invest spent the past week adding heavily to Rocket Lab Corp. (RKLB, Financials) and Block while cutting several familiar technology and AI positions. Rocket Lab was the biggest move. ARK bought more than 705,000 shares worth roughly $45 million, adding to the position after the space stock pulled sharply back from its May high. The firm also bought about $37 million of Block shares. Money was moving out elsewhere. ARK sold roughly $25 million of Palantir, $23.6 million of Shopify and another $8.1 million of AMD. Tempus AI was also cut by about $27.7 million. That does not necessarily mean Wood has turned bearish on AI. It looks more like a reshuffling of where she sees the better opportunity. Palantir and several AI-related names have already had huge runs. Rocket Lab, meanwhile, has fallen sharply from its 2026 peak while approaching important milestones for its Neutron rocket. For ARK investors, the message from the week is fairly clear: Wood is still betting on disruption, but she is spreading that bet beyond the biggest AI winners. More News