Cathie Wood Dumps $3 Million of This Magnificent Seven Stock Nauman Khan Wed, November 11, 2026 at 7:09 AM EST 1 min read AMZN +0.52% ARKK +2.47% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
ARK Invest reduced its Amazon (NASDAQ:AMZN) position as investors weighed the advantages of established cloud operators against the infrastructure constraints facing the next phase of data-center expansion.
The firm sold 10,968 shares through the ARK Innovation ETF, worth about $3 million based on Tuesday's closing price, according to ARK Invest's trading disclosures.
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The transaction came as Amazon shares had risen earlier in the week during a broader market rebound. Investors were assessing whether large cloud providers could benefit from owning existing data-center capacity while new projects face construction hurdles.
UBS warned that delays could put about 30% of planned U.S. data-center capacity additions for 2028 at risk. Restrictions involving electricity and water use could further complicate the development of new facilities.
Those pressures may favor operators that already have infrastructure in place, including Amazon, by making their existing networks more valuable to customers seeking computing capacity. The sale does not disclose ARK's reasoning.
The transaction highlights the contrast between a reduction in one fund manager's exposure and a market debate that could support large, established cloud businesses.
