This article first appeared on GuruFocus.
Cathie Wood’s ARK Invest exchange-traded funds increased exposure to CoreWeave (NASDAQ:CRWV) late last week, purchasing about 35,600 shares valued near $3.5 million. The move came days before the AI cloud infrastructure company’s upcoming quarterly results.
CoreWeave is scheduled to report fourth-quarter fiscal 2025 earnings after market close on Feb. 26. Analysts expect the company to post an adjusted loss of about $0.50 per share, while revenue is projected to rise roughly 53% year over year to nearly $1.55 billion, reflecting continued demand for AI data-center capacity.
The purchase highlights continued institutional interest in companies tied to artificial intelligence computing infrastructure, where CoreWeave provides cloud platforms powered by high-performance graphics processors used to train AI models.
Separately, ARK funds also increased positions in design software firm Figma and reduced holdings in DraftKings (DKNG), based on daily trading disclosures.
CoreWeave shares slid about 8% on Friday amid broader investor caution tied to financing concerns surrounding AI data-center expansion projects ahead of earnings.