Reported about 14 hours ago
Cathie Wood, head of Ark Investment Management, recently sold $22.8 million worth of Palantir Technologies shares as part of her investment strategy that focuses on high-tech companies with disruptive potential. Despite experiencing significant fluctuations, Wood's Ark Innovation ETF has regained some momentum, outperforming the S&P 500 this year. Palantir, which has benefited from strong demand for its AI analytics software, saw its stock rise nearly 70% this year. While Wood retains confidence in tech stocks and the potential for economic recovery, the fund has faced considerable outflows, raising questions about her investment approach.
Source: YAHOO