Cathie Wood Smelling AI Opportunity? Ark Invest Buys Tempus AI Dip, Scoops Up Over $13 M Worth Of Stock

On Thursday, Cathie Wood-led Ark Invest made significant trades involving Tempus AI Inc (NASDAQ:TEM) and GitLab Inc (NASDAQ:GTLB). These trades reflect Ark’s strategic positioning in the tech and AI sectors, following recent earnings reports from both companies.

The Tempus AI Trade

Ark Invest’s ARK Innovation ETF (NYSE:ARKK) acquired 225,833 shares of Tempus AI, while ARK Genomic Revolution ETF (BATS:ARKG) purchased 44,969 shares. The transactions were valued at $13.23 million. For the day, Tempus AI shares ended 7.9% lower at $48.86.

These trades come after Tempus AI’s recent quarterly earnings report, which showed a revenue miss but …

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