Cathie Wood buys $46 million of surging top semiconductor stock
Cathie Wood’s flagship Ark Innovation ETF is down 2.7% year-to-date.
Cathie Wood, head of Ark Investment Management, is known for making bold bets on disruptive innovation, mostly in the U.S.
But this week, she looked abroad, buying an Asian chipmaker as investor optimism around AI infrastructure and semiconductors returns following signs of easing tariffs.
