ARK Stock Commentary: LUNR, CRCL, BFLY, CRWV, XYZ

[!warning] Conflict of Interest ARK Invest is an active fund manager. These are stocks in ARK's own portfolios -- they are explaining moves in positions they hold. Read as promotional context, not independent analysis.

Movers (Week of Feb 23-28, 2026)

• LUNR (-15%): Intuitive Machines announced $175M equity raise to scale Lanteris Space Systems acquisition. Funding space-based data centers and solar system internet.
• CRCL (+35%): Circle beat earnings with USDC supply growing to $75B. Hit ~60% of global on-chain stablecoin transaction volume. Expanding utility via CCTP, Circle Payments Network, StableFX, Arc network.
• BFLY (+50%, then -18%): Butterfly Network Q4 revenue up 41% y/y, boosted by Midjourney deal. Portable ultrasound company.
• CRWV (-18%): CoreWeave beat revenue expectations (110% y/y growth) with 342% backlog growth, but aggressive infrastructure investment compressed operating margins to single digits.
• XYZ (+16%): Block announced 40% workforce reduction via AI-driven efficiency gains. Gross profit up 24% y/y. Projected adjusted operating income margin rising from 20% to 26%.

RDCO Relevance

Circle/USDC stablecoin momentum relevant to fintech and digital payments thesis. Block's AI-driven 40% headcount reduction is a major real-world signal for AI workforce displacement thesis. CoreWeave infrastructure investment cycle worth tracking.