Cathie Wood buys $9 million of tumbling tech stock amid tariff crash
Wood said Trump’s tariff "doesn't make sense."
Cathie Wood, CEO of Ark Investment Management, typically focuses on small- and mid-cap technology stocks. She sometimes ventures into megacap stocks, likely aiming to add stability to her funds.
That is what she did last week. She bought $9 million shares of a tech giant amid a market slump, hoping for a bargain.
