Cathie Wood Invested Roughly $1.4 Billion of Ark Invest's Flagship ETF in Just 3 Artificial Intelligence (AI) Stocks
Wood is known for being a tech-first investor.
Overview
Cathie Wood has made a name for herself by going all-in on tech, whether it was software stocks when they were novel, cryptocurrencies, or now artificial intelligence (AI) stocks. Her firm, Ark Invest, runs several exchange-traded funds (ETFs) that give investors access to baskets of tech and AI stocks managed by her and her team.
The largest Ark ETF is called the ARK Innovation ETF (NYSEMKT: ARKK), which had roughly $6.42 billion in assets under management as of Aug. 25. Wood and her team invested roughly $1.4 billion of this capital in just three AI-related stocks. Let's find out a bit more about these three Wood-favored stocks.
Ark Investment Management CEO Cathie Wood. Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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