Cathie Wood Goes Bargain Hunting as AI Stocks Decline: 3 Stocks She Just Bought
Wood bought stocks as the Nasdaq sank last week.
Overview
When investors look for innovative companies, they may turn to Cathie Wood for inspiration. The chief executive officer of Ark Invest is a specialist in this area, aiming to invest in tomorrow's technology winners today. Wood loves uncovering companies with big dreams and cutting-edge methods of accomplishing those dreams.
And this top investor doesn't fear a market dip or downturn. In fact, considering her buying patterns, it's clear that she takes advantage of these moments to pick up stocks at interesting prices. She knows that if the companies reach their goals, earnings and the stock price are very likely to soar in the long run.
Details
So it's not surprising that Wood, in recent days, was a buyer of artificial intelligence (AI) stocks as they declined. The tech-heavy Nasdaq Composite fell for five straight sessions and finished last week down 4.6%. Once again, Cathie Wood went bargain hunting. Here are the three hot AI stocks she just bought.
Source
Originally published at www.fool.com.