Cathie Wood's Ark Piled Into Nvidia and Taiwan Semiconductor After Meta's Earnings Miss. Here's What It Signals for Artificial Intelligence (AI) Stocks.

Cathie Wood's Ark Invest made significant purchases of Nvidia ($15 million) and Taiwan Semiconductor Manufacturing ($14.7 million) following Meta's earnings announcement, which revealed increased AI infrastructure spending with capex guidance raised to $130-145 billion for 2026. The moves signal confidence that sustained hyperscaler spending will drive GPU demand for Nvidia and manufacturing orders for TSMC, with both stocks trading at reasonable valuations of roughly 25x forward earnings.