Cathie Wood-led Ark Invest garnered attention on Tuesday when it acquired approximately $14 million shares in Palantir Technologies Inc. This move followed Palantir's recent Q2 earnings report, which matched estimates and revealed a $1 billion buyback plan. Ark Invest purchased Palantir shares through various ETFs, namely ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and Ark Fintech Innovation ETF (ARKF), with the transaction valued at $13.9 million based on the closing price of $17.04. Palantir's Q2 results demonstrated a 13% YoY revenue increase, reaching $533.32 million, and marked its third consecutive quarter of GAAP profitability. The purchase by Ark Invest aligns with other bullish moves by Cathie Wood, who had previously invested an additional $13 million in Palantir in May.