Cathie Wood Adds More Nvidia and Cuts AMD Holdings in ARK Funds. This Is a Major Vote of Confidence for NVDA Stock.

The AI chip space is heading into the second half of 2026 with strong momentum. The S&P 500 Index ($SPX) hit fresh record highs this week, driven largely by the ongoing AI rally. The Nasdaq ($IUXX) is already up more than 16% this year, and Marvell Technology (MRVL) saw its biggest single-day gain since its IPO after Nvidia’s (NVDA) CEO Jensen Huang said it could become “the next trillion-dollar company.” At the same time, competition is heating up. Intel Corporation (INTC) recently unveiled its Crescent Island AI data center GPU at Computex 2026, going after a market currently led by…