Gundlach Warns of AI Credit Cracks, Recommends Zero-AI Portfolio

Cathie Wood's Ark Invest added heavily to CoreWeave while cutting several other AI and technology positions last week. Ark bought about 239,000 shares of CoreWeave, the AI cloud infrastructure provider, worth roughly $24.7 million, and also added about $7.25 million of Meta Platforms shares. The purchases came alongside sales of about $5.9 million of Palantir, $10 million of Advanced Micro Devices, $13.1 million of Alphabet and $6.5 million of Shopify. Outside technology, Ark bought about $8.9 million of Ionis Pharmaceuticals and $9.3 million of Guardant Health while cutting $21.8 million of 10x Genomics. Its largest single sale was 1.53 million shares of the ARK 21Shares Bitcoin ETF, worth about $39.8 million, and it also reduced positions in Circle and Coinbase.

Microsoft added a fourth Indian cloud region Monday as its Hyderabad-based India South Central facility went live, with shares essentially flat on the news. The new region brings three availability zones together with Azure and Microsoft Foundry services, giving the company another base for enterprise workloads and AI deployment in one of its fastest-growing strategic markets. Adani Group, Bajaj Finserv, HDFC Bank and PB Pay are among the early customers named by Microsoft, which is pitching Hyderabad as infrastructure not just for India but for South Asia and other developing markets. The site uses zero-water cooling, addressing a major local infrastructure constraint, though Microsoft has not disclosed the site's megawatt capacity, server count or standalone revenue target. Microsoft's $20.5 billion investment commitment applies to its broader India expansion rather than this single data-center region. The stock trades 15.83% below its $586.29 GF Value estimate.