Browsing: Cathie

Cathie Wood is changing where she wants her growth-stock exposure. ARK Invest spent the past week adding heavily to Rocket Lab Corp. (RKLB, Financials) and Block while cutting several familiar technology and AI positions.

Cathie Wood, chief of Ark Investment Management, often uses post-earnings swings to add to her favorite tech stocks.

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…