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ARK Invest Rotates $10M from AMD into Palantir (PLTR) Stock Amid Market Volatility

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PLTR Stock Card

Key Highlights

  • ARK Invest acquired 85,485 shares of Palantir valued at approximately $11.15M distributed across five ETFs
  • The firm divested 44,446 AMD shares totaling roughly $10.52M, scaling back semiconductor holdings
  • Palantir shares declined approximately 2% Friday following Thursday’s 7% retreat
  • Michael Burry flagged Palantir as “bubble”-valued, pointing to Anthropic’s competitive momentum
  • Wedbush analyst Daniel Ives countered Burry’s position, reaffirming Buy rating with $230 target

Cathie Wood’s investment management firm, ARK Invest, executed significant portfolio adjustments during April 10-11, 2026. The fund manager purchased Palantir Technologies stock while simultaneously reducing its Advanced Micro Devices holdings, based on the company’s published daily transaction reports.

ARK accumulated 85,485 Palantir shares representing approximately $11.15 million in value. The acquisition was distributed among five exchange-traded funds: ARKK acquired 46,455 shares, ARKQ added 15,127, ARKW purchased 11,865, ARKF bought 5,973, and ARKX obtained 6,065.


PLTR Stock Card
Palantir Technologies Inc., PLTR

Concurrently, ARK divested 44,446 shares of Advanced Micro Devices, representing approximately $10.52 million in total value. These sales were similarly allocated across the identical five fund portfolios.

These transactions indicate ARK’s strategic pivot from semiconductor hardware investments toward artificial intelligence software platforms.

Market Turbulence Hits Palantir

Palantir’s stock experienced significant headwinds during the week preceding ARK’s purchase. The shares retreated approximately 2% Friday after suffering a 7% decline the previous session.

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A portion of this downturn stemmed from commentary by Michael Burry, the prominent investor famous for “The Big Short” trade. Burry published remarks on X suggesting Palantir’s market valuation has entered “bubble” levels.

Burry contended that Anthropic, the emerging AI company, is capturing market share from Palantir through its innovative “Mythos” model and accelerated expansion. Cathie Wood apparently viewed the price weakness as an attractive entry point.

ARK additionally liquidated 75,389 shares of Strata Critical Medical worth $305,325, extending a pattern of reducing exposure to that equity during recent sessions.

Wall Street Opinions Remain Split

Burry’s perspective doesn’t enjoy universal support. Wedbush analyst Daniel Ives characterized Burry’s viewpoint as a “fictional narrative.”

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Ives maintained his Buy recommendation on Palantir while keeping his price objective at $230. He highlighted Palantir’s impressive 137% expansion in U.S. Commercial revenue as proof that the company’s competitive advantages remain intact.

Benchmark analyst Yi Fu Lee takes a more reserved stance. Lee suggests that Palantir’s elevated valuation metrics require continued strong operational performance to support current stock prices.

The Street consensus on Palantir currently stands at Moderate Buy. This rating reflects 14 Buy recommendations, 5 Hold ratings, and 2 Sell calls.

The mean price objective following the recent market turbulence reaches $194.61, implying roughly 52% appreciation potential from Friday’s closing price.

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Advanced Micro Devices shares advanced 3.55% during the same trading session when ARK executed its sale.

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Crypto World

Bitcoin’s 50% Drawdown ‘Priced In’ Quantum Computing Threat: Bernstein

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Bitcoin's 50% Drawdown ‘Priced In’ Quantum Computing Threat: Bernstein

Bernstein said Monday that Bitcoin’s selloff has already priced in much of the market’s fear around quantum computing, arguing that the threat is real but still manageable rather than an immediate existential risk.

Bitcoin’s (BTC) near 50% drawdown from its $126,198 all-time high in October 2025 is proof that the market has “priced in” several risks tied to a quantum breakthrough, partly thanks to technological progress on zero-knowledge privacy and quantum-proof cryptography that “counterbalance” the AI and quantum acceleration, Bernstein said in a Monday note shared with Cointelegraph.

The note lands two weeks after Google researchers said future quantum computers could break the elliptic-curve cryptography used across many blockchains with fewer than 500,000 physical qubits in some architectures, reviving debate over how quickly Bitcoin needs a post-quantum upgrade path. This research suggested a quantum computer could crack a Bitcoin private key in nine minutes, in a theoretical scenario, which is less than Bitcoin’s 10-minute block production time.

However, Bernstein said Bitcoin core developers have “adequate time” to determine a post-quantum path. Last week, Bernstein predicted that Bitcoin has about three to five years to prepare for a post-quantum security upgrade, Cointelegraph reported on Wednesday.

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Graph showing the risk that an on-spend quantum attack that takes 9 minutes to derive a private key succeeds against Bitcoin. Source: Google Quantum AI

Institutions will play constructive role in quantum-proofing Bitcoin

Bernstein said large institutional holders, including exchange-traded fund (ETF) issuers and corporate treasury buyers such as Strategy, are likely to play a constructive role in any eventual consensus on a post-quantum upgrade.

“We expect institutional partners with now billions at stake to play a constructive role in building consensus on the post-quantum path.”

The note also highlighted the recently introduced BIP-360 proposal and added that slower consensus from Bitcoin developers is seen as responsible behavior when it comes to a $1.5 trillion asset.

BIP-360 is a draft Bitcoin Improvement Proposal that proposes a Pay-to-Merkle-Root output type designed to reduce long-exposure quantum risk by removing Taproot’s key-path vulnerability, though it does not itself add post-quantum digital signatures.

Bernstein said BIP-360 could be implemented as a soft fork for exposed Bitcoin addresses, but added that this would still leave around 8% of the BTC supply in inactive addresses vulnerable to future quantum breakthroughs.

Related: Bitcoiners push for quantum-resistant BIP-360 upgrade as debate heats up

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Quantum-proofing Bitcoin is a social issue, not technical

The real challenge of quantum-proofing Bitcoin lies in the societal adoption element of the new standards, not the technical development, according to Arthur Breitman, co-founder of Tezos blockchain.

“The coding work could be done this afternoon,” but Bitcoin holders would still need to migrate to this new standard, Breitman told Cointelegraph during an interview at EthCC 2026.

“If Bitcoin needed to migrate in the next month, they could do it from a technical perspective […] but they can’t get everyone to migrate their key in a month, Breitman said. “It’s going to take years for people to properly migrate their keys,” he added.

Arthur Breitman, co-founder of Tezos, interview at EthCC 2026. Source: Cointelegraph

Asset manager Grayscale’s head of research, Zach Pandl, shared a similar view in a research report last Monday. He said Bitcoin’s quantum-proofing challenges are “more social than technical,” provided that its UTXO model does not have native smart contracts and that some address types are not quantum vulnerable.

However, he warned that the community needs to find consensus on how to quantum-proof wallets where the private key has been lost or is otherwise inaccessible.

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Magazine: AI has dramatically accelerated the quantum threat to Bitcoin: AI Eye