Cathie Wood Is Selling This Artificial Intelligence (AI) Stock Backed By OpenAI's Sam Altman. Here's Why I Think She's Right.
Cathie Wood has been dumping her position in a popular nuclear energy stock.
For the last few years, artificial intelligence (AI) stocks in the software and semiconductor industries have witnessed outsized market-beating returns. What investors may not fully realize, however, is that there are adjacent opportunities to pure-play technology businesses floating around the AI realm.
One pocket that has started receiving some attention is nuclear energy. In particular, a company backed by OpenAI CEO Sam Altman called Oklo (NYSE: OKLO) has emerged as something of a darling at the intersection of AI and nuclear power.
With that said, trading activity from Ark Invest's Cathie Wood shows that she's been trimming her Oklo position in recent months. Between Oct. 21 and Feb. 12, Ark Invest sold over 335,000 shares of Oklo in the ARK Autonomous Technology & Robotics exchange-traded fund (ETF).
