{
  "id": 8532068,
  "title": "Cathie Wood Sold Palantir and AMD, Then Poured $3.35 Million Into Archer Aviation. Is ARK Betting Big on Flying Taxis?",
  "url": "https://urgent.news/2026/09/19/cathie-wood-sold-palantir-and-amd-then-poured-3-35-million-into-8532068",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-19T20:25:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/cathie-wood-sold-palantir-amd-202500594.html"
  },
  "original_language": "en",
  "account": "Cathie Wood, the CEO of Ark Invest, has made some significant moves with her investment firm. The company recently disclosed that it sold shares of Palantir and Advanced Micro Devices, while simultaneously purchasing $3.35 million worth of Archer Aviation (NYSE: ACHR). This increased its holdings of Archer to the 30th largest in the Ark Innovation ETF, representing approximately 1.2% of the portfolio by weight.\n\nIt is worth noting that Palantir and AMD have been profitable investments for Ark Invest, but the recent sales of these stocks appear to be profit-taking rather than a loss of faith in the companies. Archer Aviation, on the other hand, has caught Wood's attention due to the company's recent strategic moves. Most notably, Archer has entered into an agreement with Boeing to acquire Insitu, SkyGrid, and Wisk Aero subsidiaries. This acquisition could bolster Archer's standing in the electric vertical take-off and landing (eVTOL) sector, drones, and autonomous aerial navigation.\n\nBoeing will receive a 16.5% stake in Archer as part of the deal, but the aerospace and defense giant is also becoming a partner for Archer. This partnership could prove to be a significant advantage for Archer in the long run, beyond just the subsidiary acquisition. Despite the stock's recent decline of roughly 31% year-to-date and 62% from its high, there is potential for substantial upside if Archer continues to progress with next-gen aviation technologies.\n\nHowever, it is essential to keep in mind that Archer Aviation is a high-risk, high-reward investment. The Motley Fool's Stock Advisor analysts have identified 10 other stocks they believe are better suited for long-term growth and could generate monster returns. One example given is Netflix, which was recommended in December 2004 and resulted in a return of $387,158 from an initial investment of $1,000. Similarly, Nvidia was recommended in April 2005, yielding a return of $1,365,749 from an initial $1,000 investment. With a track record of beating the S&P 500 by four times, Stock Advisor offers a distinct advantage for investors seeking long-term growth.",
  "summary": null,
  "key_points": [
    "Cathie Wood sold Palantir and AMD shares.",
    "Ark Invest invested $3.35 million in Archer Aviation.",
    "Archer Aviation acquired Insitu, SkyGrid, and Wisk Aero through Boeing deal."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Motley Fool",
        "title": "Cathie Wood Sold Palantir and AMD, Then Poured $3.35 Million Into Archer Aviation. Is ARK Betting Big on Flying Taxis?",
        "url": "https://urgent.news/2026/09/19/cathie-wood-sold-palantir-and-amd-then-poured-3-35-million-into-8543796",
        "published": "2026-09-19T20:05:00.000Z"
      },
      {
        "outlet": "Nasdaq Markets",
        "title": "Cathie Wood Sold Palantir and AMD, Then Poured $3.35 Million Into Archer Aviation. Is ARK Betting Big on Flying Taxis?",
        "url": "https://urgent.news/2026/09/19/cathie-wood-sold-palantir-and-amd-then-poured-3-35-million-into",
        "published": "2026-09-19T20:25:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}