Cathie Wood's Ark Invest sold shares of and Nvidia throughout the third quarter. The innovation-focused asset management firm still has sizable positions in both companies, but with Tesla stock up 80% and Nvidia stock up 210% year to date, Ark presumably wanted to rebalance its portfolio.

In any case, the firm redeployed some capital across two other artificial intelligence (AI) stocks: Palantir Technologies (NYSE: PLTR) and Cloudflare (NYSE: NET). The former now accounts for 1.3% of its invested assets, and the latter accounts for 0.2% of its invested assets.

Read on to learn more about these AI growth stocks.

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Source Fool.com