Reported 2 months ago
Cathie Wood, the CEO of Ark Investment Management, has purchased $2.4 million worth of Alphabet stock as it sees a 14% decline since July. Despite facing criticism for her investment strategies and underperformance of Ark's flagship ETF, Wood remains committed to high-tech sectors, believing in the potential of stocks in areas like AI and blockchain. Her recent move indicates confidence in Alphabet's long-term prospects, especially following a quarter that exceeded revenue and profit expectations.
Source: YAHOO