On Monday, Cathie Wood-led Ark Invest made a significant move by purchasing shares of Amazon.com Inc (NASDAQ:AMZN). This comes amidst recent developments suggesting that Amazon may be ramping up its interest in nuclear energy to fuel its growing needs.

The Amazon Trade

Ark Invest's ARK Autonomous Technology & Robotics ETF (BAYS: ARKQ) fund purchased 20,883 shares of Amazon, reflecting 0.4951% of the ETF. At the closing price of $189.07 on the same day, the value of the trade amounts to approximately $3.95 million. This move follows a series of recent developments around Amazon's potential foray into nuclear energy.

A Benzinga report, in September, revealed that Amazon had reposted a job opening for a Principal Nuclear Engineer in its Data Center Engineering division, raising questions about its long-term energy strategy. Additionally, Amazon announced the expansion of its collaboration with Intel Corp., which has also positively impacted its stock.

Wood's confidence in Amazon has sparked a debate on whether this is a signal of the tech giant's impending turnaround or another high-risk gamble.

Other Key Trades:

Ark Invest's ARKG and ARKK funds bought shares of CRISPR Therapeutics AG (CRSP) and Cerus Corp (NASDAQ:CERS).

ARKQ sold a significant number of shares of Oklo Inc (OKLO) while buying shares of BWX Technologies Inc (BWXT) and 3D Systems Corp ( DDD). Shares of Materialise NV (MTLS) and Markforged Holding Corp (MKFG) were sold by the ARKQ and ARKX funds.

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