Cathie Wood Sold Palantir and AMD, Then Poured $3.35 Million Into Archer Aviation. Is ARK Betting Big on Flying Taxis?

Cathie Wood's Ark Innovation ETF sold shares of Palantir and AMD while investing $3.35 million in Archer Aviation, signaling growing confidence in the eVTOL aircraft maker. The moves appear to be profit-taking on the larger positions while increasing exposure to the high-risk, high-reward aviation technology sector, particularly following Archer's Boeing partnership deal.