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 purchased $15 million of Nvidia and $14.7 million of Taiwan Semiconductor Manufacturing following Meta's latest earnings report, which raised 2026 capex guidance to $130-145 billion—a signal that hyperscaler AI infrastructure spending remains on track to accelerate.

The buys came as both NVDA and TSM trade near 25x forward earnings, valuations Wood's team appears to view as attractive given the sustained demand outlook. Meta's capex hike underscores that major cloud providers and social platforms are doubling down on GPU procurement and chip manufacturing capacity, directly benefiting Nvidia's data center segment and TSMC's advanced node production.

Wood has rotated in and out of mega-cap tech this year, but the timing of these purchases—immediately after a hyperscaler confirmed multi-year spending plans—suggests Ark sees the current AI infrastructure build-out as durable rather than speculative. NVDA supplies the majority of AI training and inference chips, while TSMC manufactures cutting-edge semiconductors for both Nvidia and other AI-focused clients.