Cathie Wood Loads Up On Amazon Stock After Record $26.4 Billion Prime Day, Bets Big On Palantir's AI Push — Keeps Dumping Alibaba

On Monday, Cathie Wood -led Ark Invest executed significant trades, spotlighting Amazon.com Inc. (NASDAQ: AMZN ), Palantir Technologies Inc. (NASDAQ: PLTR ), Coinbase Global Inc. (NASDAQ: COIN ), and Alibaba Group Holding Ltd. (NYSE: BABA ).

The Amazon.com Trade Ark Invest acquired 6,797 shares of Amazon through the ARK Innovation ETF (BATS: ARKK ).

With Amazon’s shares closing at $240.14, this purchase was valued at approximately $1.6 million.

The move comes as the Jeff Bezos -chaired company’s stock surged following a record-breaking $26.4 billion in sales during its Prime Day event.

Analysts attribute this success to strategic discounts and consumer spending patterns.

Read Also: Micron Stock Has Surged Over 800% In The Past 12 Months And This Analyst Has A Bullish Prediction: 'Will Likely Exit 2028 At…' The Palantir Trade Ark purchased 41,096 shares of Palantir through the ARK Next Generation Internet ETF (BATS: ARKW ), ARK Blockchain & Fintech Innovation ETF (BATS: ARKF ) and ARKK funds, amounting to a $4.8 million investment at a closing price of $115.70.

Last Thursday, Ark had purchased $3.3 million worth of Palantir stock.

Palantir announced an AI platform that deploys NVIDIA Nemotron open models in sovereign environments, enabling government agencies and critical infrastructure operators to run secure AI workloads while maintaining control over sensitive data.

The platform includes features such as data isolation, auditability and secure authorization to meet regulatory requirements.

The company also expanded its partnership with Surf Air Mobility to accelerate the commercialization of SurfOS, adding engineering and go-to-market resources to speed deployment of AI-powered aviation software.

Analysts expect Palantir to report third-quarter earnings of 33 cents per share on revenue of $1.81 billion, compared with 16 cents per share and $1 billion in revenue a year earlier.

Coinbase And Other Crypto Trades Ark Invest purchased 45,164 shares of Coinbase via the ARKK, AKRW and ARKF ETFs, valued at approximately $6.8 million with a closing price of $151.65.

Coinbase’s recent initiatives to expand into equities and AI markets have been pivotal.

Notably, Ark executed several cryptocurrency-related trades on Monday, including purchasing $3.5 million in Bullish Inc. ( NYSE: BLSH ) shares and $299,685 in Robinhood Markets Inc. (NASDAQ: HOOD ) stock.

These trades come at a time when Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have been under pressure.

BTC has sunk by over 52% from its all-time high of $126,198.07, reached on October 7, 2025.

Bitcoin’s open interest rose a modest 0.80% in the last 24 hours.

Meanwhile, retail and whale derivatives traders on Binance reduced their bullish bets on the cryptocurrency.

The Alibaba Trade Ark sold 9,272 shares of Alibaba through the ARKK, ARKW and ARKF, totaling approximately $885,568 at a closing price of $95.51.

Anthropic accused Alibaba and its AI research unit, Qwen, of conducting a large-scale campaign to extract capabilities from its Claude AI models through a process known as distillation, according to a letter sent to U.S. lawmakers.

Anthropic alleged the effort used nearly 25,000 fraudulent accounts to generate more than 28.8 million interactions with Claude between April 22 and June 5, while Alibaba had not responded to the allegations.

Ark continues to dump Alibaba stock.

Last Thursday, the firm sold $16.7 million worth of shares.

Other Key Trades Sold 7,994 shares of Roku Inc. (ROKU) through ARKF.

Bought 136,406 shares of Generate Biomedicines Inc. (GENB) through ARKG.

Sold 198,392 shares of Absci Corp (ABSI) through ARKG.

Bought 138,735 shares of Kratos Defense and Security Solutions Inc. (KTOS) through ARKK.

Bought 8,433 shares of Snowflake Inc through ARKK.

Edge Stock Rankings indicate Amazon stock has a Momentum score in the 42nd percentile and a Quality score in the 52nd percentile.

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