Cathie Wood Goes Bargain Hunting: 1 "Magnificent Seven" Artificial Intelligence (AI) Stock She Just Couldn't Pass Up During the Nasdaq Sell-Off
Cathie Wood is the CEO and Chief Investment Officer of Ark Invest, which offers a small catalog of innovation-focused exchange-traded funds (ETFs). Those funds' portfolios tend to be dominated by smaller, speculative companies in emerging industries.While these investment preferences may suggest that Wood has an appetite for risk, her funds also hold a number of blue chip stocks -- including one "Magnificent Seven" stock she just scooped up more of amid the Nasdaq's sharp sell-off.Wood has an interesting relationship with semiconductor behemoth Nvidia (NASDAQ: NVDA). Although she's held positions the chipmaker for years, she actually has been a seller of the stock more often than a buyer.Continue reading
Cathie Wood is the CEO and Chief Investment Officer of Ark Invest, which offers a small catalog of innovation-focused exchange-traded funds (ETFs). Those funds' portfolios tend to be dominated by smaller, speculative companies in emerging industries.
While these investment preferences may suggest that Wood has an appetite for risk, her funds also hold a number of blue chip stocks -- including one "Magnificent Seven" stock she just scooped up more of amid the Nasdaq's sharp sell-off.
Wood has an interesting relationship with semiconductor behemoth Nvidia (NASDAQ: NVDA). Although she's held positions the chipmaker for years, she actually has been a seller of the stock more often than a buyer.
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