Cathie Wood buys $2.7M surging China tech stock after tariff talks
Cathie Wood’s flagship Ark Innovation ETF is up 1.32% year-to-date.
Cathie Wood, founder and chief of Ark Investment Management, is best known for backing cutting-edge tech like AI and robotics, with most of her investments focused on U.S. companies.
But this week, she made a move in China, picking up $2.7 million worth of a Chinese tech stock as trade tensions between Washington and Beijing showed signs of easing.
