Reported 11 months ago
Cathie Wood, known as the 'female stock god,' began selling 1.3 million shares of Nvidia in the fourth quarter of 2022, missing out on the stock's price surge above $1200 and losing approximately 38.8 billion New Taiwan Dollars. Wood, the founder of Ark Invest, shifted her focus to Tesla after selling Nvidia, believing in the potential of autonomous driving and defending her strategy despite facing losses in Ark's innovative ETF due to Tesla's stock price drop. Although the move resulted in missing out on significant profits, Wood emphasized the diversification of Ark's investments in emerging AI companies while retaining Nvidia in professional portfolios and flagship funds.
Source: YAHOO