Reported 2 days ago
Cathie Wood, CEO of Ark Investment Management, has purchased approximately $10 million worth of shares in Advanced Micro Devices (AMD) as part of her strategy to acquire tech stocks during downturns. Despite criticisms of her investment approach and mixed performance of her ARK Innovation ETF, Wood remains optimistic about the tech sector's future under potentially reduced regulations. AMD, facing challenges in AI processor supply, has seen stock fluctuations, with shares down 10% over the past year.
Source: YAHOO