Cathie Wood, head of Ark Investment Management, buys $12 million of tumbling AI stock, targeting tech companies for innovation leadership. Wood adjusts her positions frequently, balancing short-term gains and long-term vision.

Ark funds experienced volatile swings in 2022, rallying in January and February but trailing the market in March and April. Despite this, flagship Ark Innovation ETF is up 33.7% year-to-date, outpacing the S&P 500. Wood’s investment strategy focuses on emerging high-tech companies in AI, blockchain, biotech, and robotics.

Read more at Yahoo Finance: Cathie Wood buys $12 million of tumbling AI stock