Cathie Wood’s ARK Invest sold 731,000 shares of Roku Inc. on June 29, 2026.
The transaction is valued at approximately $99 million.
This divestment signals a strategic shift toward AI infrastructure and digital assets.
Roku currently trades at a high price-to-earnings ratio of 101.8.
ARK’s exit follows increasing scrutiny over Roku’s valuation and competitive pressures in the streaming market.