Browsing: Cathie

Cathie Wood has made a name for herself by going all-in on tech, whether it was software stocks when they were novel, cryptocurrencies, or now artificial intelligence (AI) stocks. Her firm, Ark Invest, runs several exchange-traded funds (ETFs) that give investors access to baskets of tech and AI stocks managed by her and her team.

On July 28, Cathie Wood’s Ark Invest bought roughly $15 million worth of Nvidia (NASDAQ: NVDA) stock across five of its exchange-traded funds (ETFs) — the largest portion of which being $8.1 million coming through the flagship ARK Innovation ETF. On the very next day, Wood spread a $14.7 million purchase of Taiwan Semiconductor Manufacturing…

Cathie Wood is making another big bet on the future of artificial intelligence and space technology. Her investment firm, ARK Invest, added roughly $28.7 million of Taiwan Semiconductor Manufacturing (TSMC) and SpaceX [NASDAQ:SPCX] shares — trimming investments in Amazon [NASDAQ:AMZN], Alphabet [NASDAQ:GOOG] and Shopify [NASDAQ:SHOP] to help fund part of the purchases.