Cathie Wood of Ark Investment Management made a $56 million purchase of a megacap tech stock, one of her largest recent buys. Wood’s Ark Innovation ETF delivered a 153% return in 2020 and is up 38% this year, outperforming the S&P 500. However, the ETF has seen $7 billion in investor losses over a decade.

Wood’s investment strategy focuses on emerging high-tech companies like those in AI, blockchain, and robotics. Despite her success, the Ark ETFs experience significant volatility, leading to fluctuations in fund values. Wood remains optimistic about AI’s potential, dismissing concerns about tech stock valuations and AI bubbles.

Wood’s Ark funds recently bought $55.77 million worth of Alphabet (GOOG) stock, with reports suggesting possible AI chip sales to Meta Platforms. Meta is in talks to purchase Google chips starting in 2027, challenging Nvidia in the data center processor market. This move could reduce Google’s reliance on Nvidia’s expensive chips.

Alphabet stock rose 1.53% on the day of Wood’s purchase but decreased in the following days. Year-to-date, Alphabet stock is up roughly 69%. Wood’s gradual increase in Google shares this year signals confidence in the company’s future growth potential.

This article was originally published by TheStreet on Nov 30, 2025, in the Investing section.

Read more at Yahoo Finance: Cathie Wood buys $56 million of megacap tech stock