Kadensa Capital Ltd reduced its position in Tempus AI (TEM) by 4.8% during the third quarter, signaling a tactical adjustment by the institutional investor. This move comes as the precision medicine firm sees high volatility and divergent sentiment among major funds, including aggressive buying from ARK Invest.
ARK Invest CEO Cathie Wood has increased her stake in Tempus AI with a $2 million purchase, signaling continued conviction in high-growth technology despite a 15% year-to-date decline for the stock. This move comes as her flagship Ark Innovation ETF struggles to keep pace with the broader market, currently trailing the S&P 500 as Wood maintains her stance that the AI sector is far from a bubble.
Cathie Wood’s Ark Invest purchased $7 million worth of Advanced Micro Devices (AMD) shares during a recent market sell-off, signaling a continued bet on AI infrastructure. Despite the flagship ARKK ETF trailing the S&P 500 year-to-date, Wood remains vocal about her rejection of an 'AI bubble' and anticipates a 2026 economic rebound.
About Ark Investment Management coverage
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Number of distinct stories where Ark Investment Management was a primary or referenced actor.
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