Reported 23 days ago
Cathie Wood, the CEO of Ark Investment Management, has purchased $15.7 million worth of Advanced Micro Devices (AMD) shares after their prices dropped following disappointing revenue guidance. Known for capitalizing on stock price declines, Wood's investment strategy focuses on breakthrough technologies. Although her flagship fund, the ARK Innovation ETF, has faced significant losses recently, she remains optimistic about her long-term disruptive innovation approach in areas like artificial intelligence and genomics.
Source: YAHOO