From Yahoo Finance: 2025-06-08 13:17:00

Cathie Wood, known for hunting tech stocks with disruptive potential, recently sold $22.8 million worth of a popular AI stock that has surged 70% year-to-date, securing gains near all-time highs.

Wood’s flagship Ark Innovation ETF is up 6.11% year-to-date, outperforming the S&P 500. Despite a volatile ride this year, Wood’s investments are regaining momentum after a strong 2020 performance.

Ark ETFs typically invest in emerging high-tech companies like AI, blockchain, biomedical tech, and robotics, leading to major fluctuations in their values due to volatility in these sectors.

Wood’s investment strategy focuses on reshaping industries through innovative technologies, but the high volatility in these sectors leads to significant fluctuations in the value of Ark funds.

Palantir Technologies, a leading AI-driven data analytics software provider, saw a record surge in its stock price, up roughly 69% in 2025. The company reported stronger-than-expected revenue and raised its outlook due to increasing demand for AI tools.

Palantir’s recent momentum is fueled by government contracts, including a $480 million U.S. Army contract and partnerships with federal agencies and companies like Fannie Mae for AI-based solutions.

Despite concerns raised about its ties to the Trump administration, Palantir denies unlawful surveillance claims and remains a core holding in Wood’s portfolio, accounting for 4.54% of the ARK Innovation ETF.

In her latest trades, Wood bought shares in companies like AMD, Amazon, Guardant Health, and Veracyte while trimming positions in Tesla, Roblox, Robinhood, and Meta Platforms. This strategic reallocation reflects her ongoing assessment of market opportunities.



Read more at Yahoo Finance: Cathie Wood sells $22.8 million of hot stock near all-time highs