Ark Invest funds run by Cathie Wood bought shares of X-Energy and Oklo this week, though none of its ETFs hold NuScale Power. On October 22, ARK Innovation ETF (ARKK), ARK Autonomous Tech & Robotics ETF (ARKQ) and ARK Space & Defense Innovation ETF (ARKX) bought 292,022, 126,437 and 66,436 X-Energy shares, an estimated $5.1 million total at an assumed average price of $10.48. Purchases continued on Wednesday, adding about $2.2 million of X-Energy stock through ARKQ and ARKX. ARKQ also bought 150,998 Oklo shares on October 22, valued at about $4.1 million as the stock traded between $26.36 and $28.20. The article notes that neither company has started commercial SMR operations, so both carry higher risk, and cautions against blindly following other investors' buying activity.
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