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Cathie Wood buys $56 million of megacap tech stock
Yahoo Finance· 2025-12-01 02:17
Cathie Wood, head of Ark Investment Management, is best known for betting on early-stage tech names and high-growth innovators. But occasionally she makes a move into the megacap space when she sees value. That’s what Wood did in the past week (Thanksgiving Week), adding about $56 million worth of a megacap tech name, one of her largest recent purchases. Wood gained a reputation after the Ark Innovation ETF delivered a 153% return in 2020. Year-to-date, Wood’s flagship Ark Innovation ETF (ARKK) is up abou ...