Cathie Wood buys $8 million of surging tech stock
The Nasdaq Composite gained 30% in 2024, while Ark Innovation ETF returned 8.4%.
Cathie Wooden, chief executive of Ark Funding Management, frequently buys abilities shares that she says will disrupt a assortment of sectors.
Most regularly, her strategy will repay: The flagship Ark Innovation ETF (ARKK) has obtained 5% this three hundred and sixty five days as of Jan. 17, outperforming the S&P 500 and the Nasdaq Composite.
Final week, she sold a neighborhood-tech stock.
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