Is This Top Holding at Cathie Wood's Ark Invest Worth Adding to Your Portfolio?
Cathie Wood -- the founder and CEO of investment management firm Ark Invest -- has made her name by betting big on disruptive and innovative companies. This strategy reaped rich rewards in 2023 and 2024 as her flagship exchange-traded fund, the ARK Innovation ETF, clocked an impressive gain of 82% to beat the S&P 500 index's 53% return by a nice margin.However, 2025 has been a tough year for the ETF due to broad market weakness. The fund is up just 1% year to date, as of this writing, after making a solid recovery in the past month and a half.One of the reasons why the ARK Innovation ETF has bounced back since the beginning of April is because of a strong rally for shares of Palantir Technologies (NASDAQ: PLTR). The software platforms specialist is up over 40% since April 8, driven by the robust demand for the company's Artificial Intelligence Platform (AIP).Continue reading
Cathie Wood -- the founder and CEO of investment management firm Ark Invest -- has made her name by betting big on disruptive and innovative companies. This strategy reaped rich rewards in 2023 and 2024 as her flagship exchange-traded fund, the ARK Innovation ETF, clocked an impressive gain of 82% to beat the S&P 500 index's 53% return by a nice margin.
However, 2025 has been a tough year for the ETF due to broad market weakness. The fund is up just 1% year to date, as of this writing, after making a solid recovery in the past month and a half.
One of the reasons why the ARK Innovation ETF has bounced back since the beginning of April is because of a strong rally for shares of Palantir Technologies (NASDAQ: PLTR). The software platforms specialist is up over 40% since April 8, driven by the robust demand for the company's Artificial Intelligence Platform (AIP).
