Cathie Wood's Thursday Plays: Healthcare AI And Crypto — Ark Scoops Up Tempus AI and Coinbase Stock Amid Trump Tariff Crash

On Thursday, Cathie Wood-led Ark Invest made notable trades, prominently featuring Tempus AI Inc (NASDAQ:TEM) and Coinbase Global Inc (NASDAQ:COIN). The trades came as Wall Street reversed Wednesday's rally with a sharp selloff, as cooling inflation and hopes for Fed cuts were overshadowed by economic uncertainty and a 145% China tariff announcement by the Trump administration.

The Tempus AI Trade

Ark Invest’s flagship fund, the ARK Innovation ETF (NYSE:ARKK), acquired 48,909 shares of Tempus AI Inc. (NASDAQ:TEM), valued at approximately $1.97 million based on the closing price of $40.29.

Tempus AI has been gaining attention for its advancements in AI-driven healthcare solutions. Ark has been trading shares of the company actively. Last week, it scooped up stock worth $1.74 million.

The Coinbase Trade

In another significant move, ARKK purchased 11,849 shares of Coinbase Global Inc. (NASDAQ:COIN), amounting to approximately $2.01 million based on the closing price of $169.62. This acquisition comes at a time when the regulatory landscape for cryptocurrency trading in the U.S. is evolving, potentially making crypto leverage trading more accessible to retail investors.

Coinbase, a leading cryptocurrency exchange, has announced plans to introduce a first-of-its-kind perpetual-style product in the U.S. and is also reportedly in talks to acquire crypto derivatives exchange Deribit

Other Key Trades:

• ARKK bought 135,247 shares of Beam Therapeutics Inc. (BEAM).
• ARKG sold 33,500 shares of Repare Therapeutics Inc. (RPTX).
• ARKK acquired 191,500 shares of 10X Genomics Inc. (TXG).

How does Coinbase rank against other crypto picks? Find out with Benzinga Edge Stock Rankings.

Image via Shutterstock

Read Next: 

• Alibaba, JPMorgan, Carmax, Janover, Tesla: Why These 5 Stocks Are On Investors’ Radars Today

This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal