Cathie Wood Goes Bargain Hunting: 1 Monster Artificial Intelligence (AI) Semiconductor Stock She Just Bought on the Dip. (Hint: It's Not Nvidia or AMD.)
Cathie Wood has been pouring into chip stocks lately.
Cathie Wood is best known for investing in emerging (if not speculative) technologies such as genomics and flying electric taxis. If you take even a cursory glance at her portfolio with ARK Invest, odds are you'll be unfamiliar with most of her largest positions.
From time to time, however, there are mainstream opportunities that even Wood can't pass up. Let's explore how she has been investing in artificial intelligence (AI) as of late, and more specifically, which semiconductor stocks she has had on her radar.
ARK Invest offers investors eight different exchange-traded funds (ETFs), each of which focuses on a specific theme. According to ARK's website, the largest positions in the portfolios include Tesla, Coinbase Global, Roku, Palantir Technologies, Robinhood Markets, and Archer Aviation. Each of these companies has attracted a loyal following -- mostly from retail investors -- but Wood complements these positions with some more blue chip businesses.
