Reported 2 days ago
On Tuesday, Cathie Wood, CEO of Ark Invest, purchased shares of Taiwan Semiconductor Manufacturing (TSMC), Airbnb, and Advanced Micro Devices (AMD). TSMC and AMD have seen significant gains, driven by strong demand from the AI sector, while Airbnb faces declining revenue for the fourth consecutive year. Despite the economic challenges affecting international travel and bookings, Ark Invest is increasing its stake in Airbnb, highlighting Wood’s continued confidence in the company's potential.
Source: YAHOO