Reported 2 months ago
Cathie Wood has made significant tech stock purchases, including shares of Amazon, AMD, and Roku, as her flagship fund ARK Innovation ETF (ARKK) reached new lows for 2024. This comes amid a broader market downturn sparked by disappointing US employment data, which heavily impacted tech stocks. Despite the bearish trend, Wood's strategy has historically involved using market sell-offs to acquire shares in companies she believes have strong potential. However, the ARKK fund has seen a continuous decline, losing over 20% this year and facing substantial outflows from investors.
Source: YAHOO