Cathie Wood's ARK Fund Sells Broadcom, Buys Nvidia and SpaceX

The news reflects a mid-sized institutional position change, such as ARK Fund selling Broadcom and buying Nvidia; it is not a strong catalyst on its own. However, a sharp 12% drop in NVDA within 24 hours, an RSI of 17.7 placing it in oversold territory, and the price trading well below SMA20/SMA50 increase the likelihood of a short-term relief rally. MACD is negative and below its signal line, indicating that downside momentum has not yet reversed. The ARK buying news may provide limited support under oversold conditions; given the directional uncertainty, a neutral assessment is appropriate. Choppy trading and a possible short-term recovery attempt are expected over 1-3 days, but the trend is weak.

AVGO fell sharply by 11.5% in 24 hours to 291.38, with its RSI at 20.3, placing it in oversold territory; MACD is negative and below its signal line, indicating weak short-term momentum. The price is trading below its SMA20 (320.5) and SMA50 (330.2), with a downward trend. Cathie Wood's ARK Fund selling Broadcom and buying Nvidia and SpaceX could be perceived as an institutional sell signal and may create negative sentiment. However, oversold conditions could set the stage for rebound buying; therefore, confidence in further downside is limited. In the short term (1-3 days), downward pressure may persist, but volatility will be high after the sharp decline.