Cathie Wood Buys Archer Aviation and Joby Aviation Shares While Selling Teradyne

TLDR

• ARK Invest sold shares of Teradyne worth about $27.4 million on Tuesday, October 6, 2026
• ARK bought shares of Veracyte worth about $18.6 million, continuing a recent buying pattern
• ARK purchased 2,566,731 shares of Archer Aviation and 753,330 shares of Joby Aviation
• The combined Archer and Joby purchases were valued at about $16.2 million
• Wall Street gives Archer a Strong Buy rating and Joby a Hold rating, with both showing large upside targets

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Cathie Wood’s ARK Invest released its daily trading disclosures for Tuesday, October 6, 2026. The filings showed the firm selling shares of Teradyne while adding to several other positions across its exchange traded funds.

ARK sold 61,547 shares of Teradyne through its ARKQ and ARKX funds. The sale totaled about $27.4 million and continues a pattern of reducing the Teradyne position in recent sessions.

On the buying side, ARK picked up 389,509 shares of Veracyte through its ARKG fund. That purchase was worth about $18.6 million and follows several days of ARK adding to this stock.

Veracyte, Inc., VCYT

ARK also sold 54,873 shares of SpaceX related holdings through its ARKW fund, worth about $9.4 million. This came shortly after ARK had been buying shares of the same company.

The largest story from the day’s trading involved two electric air taxi companies. ARK bought 2,566,731 shares of Archer Aviation and 753,330 shares of Joby Aviation. Combined, the two purchases were valued at about $16.2 million.

Both stocks have had a rough year. Archer Aviation has fallen about 38 percent since January, while Joby Aviation has dropped about 56 percent over the same period.

Archer Aviation Expands Its Plans

Archer continues to work toward certifying its Midnight aircraft while building out other parts of its business. The company is developing defense related projects through a separate division called Archer Defense.

Archer has also announced plans to acquire Wisk Aero, Insitu, and SkyGrid, all tied to Boeing. These deals would add autonomous flight technology and military drone capability to Archer’s operations.

Spending on aircraft development, certification, and manufacturing has raised concerns among investors about future capital needs. Still, analyst sentiment remains largely positive.

Five of six analysts covering Archer rate the stock a buy, giving it a Strong Buy consensus. The average price target implies about 149 percent upside from current levels.

Joby Aviation Moves Toward Certification

Joby is in the final stage of FAA type certification for its aircraft. The company has logged thousands of test flights as part of that process.

Joby expanded its business this year by acquiring the passenger operations of Blade Air Mobility. The company is also preparing to launch flights in Dubai as part of its international plans.

Joby recently faced a legal setback when a federal jury ordered it to pay $116.9 million. The jury found that Joby had misappropriated trade secrets and broken a confidentiality agreement involving Aerosonic.

Among seven analysts covering Joby, two recommend buying the stock, three rate it a hold, and two recommend selling. That gives Joby a Hold rating overall, with a price target implying about 99 percent upside.

The $116.9 million jury verdict against Joby adds a new financial obligation as the company works through certification and prepares for international expansion.