Cathie Wood’s ARK Invest bought CoreWeave shares as the stock fell on November 12, 2026, while reducing its Palantir position. According to Sina Finance, ARK bought 283,022 CoreWeave shares for about $16 million as the stock dropped 6.86% to $56.60, and sold 58,339 Palantir shares worth about $10 million; Palantir fell 0.48% to $171.58.
ARKK and another ARK fund made the trades. ARKK’s November 12 holdings report showed about 2.43 million CoreWeave shares, or 2.37% of the fund, and about 948,590 Palantir shares, or 2.63%. ARK also bought about $8.9 million of Twist Bioscience shares and sold smaller amounts of several other holdings. Palantir remained an ARKK holding after the sale.
CoreWeave rose 24.71% to $60.77 on November 11, the day after reporting third-quarter results, then closed at $56.60 on November 12 after falling as low as $50.17. The stock was down 27.26% for the month through November 12. The article cites weaker guidance from competing AI cloud provider Neocloud and market concerns about whether Nvidia’s support would continue after CEO Jensen Huang’s reported departure. Nvidia invested $2 billion in CoreWeave in January 2026; CoreWeave’s CEO said on November 11, before the departure news, that there was no reason to think the partnership had changed.
CoreWeave reported third-quarter revenue growth of 168% to $3.66 billion and a $132.5 billion backlog. It plans $37 billion to $39 billion in capital spending and reported a $709 million loss, including $846 million in net interest expense. Its largest customer accounted for about 67% of revenue in 2025. Barclays cut its price target from $105 to $85 on November 12, while Argus lowered its target from $150 to $100; both targets remained above the share price.
Palantir reported third-quarter revenue growth of 95.9% to $2.313 billion. The article gives its price-to-earnings ratio as 244 and says the company expects adjusted free cash flow of $4.8 billion to $5 billion in 2026. It also notes CoreWeave’s debt, customer concentration and potential dilution from an at-the-market share offering of up to 35 million shares. Nvidia’s earnings report is due November 17.