Cathie Wood's ARK funds sold Tesla TSLA, -4.14% to increase their stake in Zoom Video Communications ZM, -14.71% after the poorly received results by the video communications company . In the flagship Ark Innovation ETF ARKK, -2.33% , the fund sold $136 million of Tesla shares while buying $112 million of Zoom. In the ARK Next Generation Internet ETF ARKW, -2.53% , the fund sold $23 million of Tesla to buy $22 million of Zoom.

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