Nvidia (NVDA -0.85%) will report its second-quarter results on Aug. 26, and there's plenty of reason for optimism. The company is the leading maker of the processors that power artificial intelligence workloads, and it remains the world's largest company by market cap.
Nvidia has a history of delivering quarterly results that exceed analysts' expectations, and another solid report could send the chipmaker's stock soaring. Cathie Wood, CEO of Ark Invest, is apparently counting on that -- she has been scooping up shares. Over three recent trading days -- July 28, Aug. 5, and Aug. 10 -- she bought $59.9 million of Nvidia stock for her firm's exchange-traded funds (ETFs).
|
Ark Exchange-Traded Fund |
July 28 Purchase |
Aug. 5 Purchase |
Aug. 10 Purchase |
Total Purchased |
|---|---|---|---|---|
|
Ark Innovation ETF |
$8.2 million |
$9.4 million |
$12.6 million |
$30.2 million |
|
Ark Next Generation Internet ETF |
$2.3 million |
$2.7 million |
$7 million |
$12 million |
|
Ark Autonomous Technology & Robotics ETF |
$2.7 million |
$3.1 million |
$4.1 million |
$9.9 million |
|
Ark Fintech Innovation ETF |
$1.1 million |
$1.1 million |
$1.5 million |
$3.7 million |
|
Ark Space & Defense Innovation ETF |
$1.1 million |
$1.3 million |
$1.7 million |
$4.1 million |
|
Totals |
$15.4 million |
$17.6 million |
$26.9 million |
$59.9 million |
Data source: Ark Invest.
Those purchases were spread over five of Ark Invest's exchange-traded funds -- the vehicles Wood uses to invest in disruptive technologies, fintech, artificial intelligence, space, and robotics. Notably, those buys increased in size each time.
In all, Wood has increased Ark Invest's total stake in Nvidia by a whopping 24%, bringing its investment in the GPU leader to more than $303.6 million.
|
Ark Exchange Traded Fund |
Nvidia Shares Held |
Market Value of Nvidia Stake |
Weighting in Fund |
|---|---|---|---|
|
Ark Innovation ETF |
639,590 |
$139,142,804 |
2.20% |
|
Ark Next Generation Internet ETF |
183,964 |
$40,021,368 |
2.28% |
|
Ark Autonomous Technology & Robotics ETF |
329,001 |
$71,574,167 |
3.52% |
|
Ark Fintech Innovation ETF |
101,153 |
$22,005,835 |
2.89% |
|
Ark Space & Defense Innovation ETF |
141,864 |
$30,862,513 |
3.62% |
Data source: Ark Invest. Data as of Aug. 11, 2026.
Why is Wood buying Nvidia stock?
Nvidia has been a high-flying stock for the last several years, but it has shown some weakness lately. Shares are up only 2% over the last three months as the semiconductor sector has come under pressure over fears that the AI infrastructure build-out could lead to a bubble and that a shortage of memory and data storage chips could throttle the growth of the entire industry.
But spending on new data centers remains strong -- hyperscalers Amazon, Meta Platforms, Microsoft, and Alphabet have indicated they will spend more than $730 billion combined on AI infrastructure this year, and they expect that number to increase next year.
Ark Invest CEO Cathie Wood. Image source: Getty Images.
On top of that, Nvidia has partnered with several major Wall Street financial institutions, including Apollo Global Management, BlackRock, Blackstone, Goldman Sachs, KKR, and Brookfield, to raise $500 billion in third-party capital for AI infrastructure serving frontier AI labs, enterprise firms, and AI cloud companies.
Should you follow Wood's lead here?
Every indication is that Nvidia is set to report another monster quarter. Revenue in its fiscal 2027 first quarter (which ended April 26) was $81.61 billion, up 85% from a year earlier. Nvidia's projected fiscal 2027 Q2 revenue is $91 billion, a 94% gain from a year ago, when revenue was $46.7 billion. Analysts surveyed by Yahoo! Finance are expecting even more, with the consensus revenue estimate of $91.85 billion, up 96.5% from a year ago.
NASDAQ: NVDA
Key Data Points
Nvidia's data center business continues to drive its revenue and profits, accounting for more than 90% of revenue. With hyperscalers continuing to invest in AI infrastructure and Wall Street firms lining up to make another $500 billion available, Nvidia is well-positioned to deliver a good quarter and see another bump in its stock price.
Against that backdrop, Wood's inclination to lean in on Nvidia stock before earnings makes a lot of sense.
