Cathie Wood buys $20.7 million of surging tech stock

Cathie Wood, head of Ark Investment Management, is doubling down on tech momentum. She most often targets companies she believes maintain “disruptive” impacts on the future, and he or she’s been in particular vocal about synthetic intelligence being a key power in markets this day.

This week, she poured extra cash into a tech stock that’s been surging, partly driven by its rising use of AI tools to elevate effectivity and development.

Wood’s funds maintain skilled a unstable lumber this one year, swinging from fascinating losses to solid gains.