Cathie Wood buys $22 million battered tech stock amid tariffs
From Yahoo Finance: 2025-04-15 11:33:00
Cathie Wood of Ark Investment Management adjusts top positions based on stock performance. Her flagship fund, Ark Innovation ETF, is down 19.7% YTD, wiping out post-election gains. Wood’s investments in emerging high-tech companies have potential but come with volatility. The ETF has seen a net outflow of $2.09 billion over the past year.
Wood questions Trump’s tariffs, warning they could trigger a bear market or recession. Despite uncertainties, she remains hopeful. Ark Innovation ETF recently bought shares in Coinbase Global Inc. as the stock dropped. Coinbase’s revenue comes from cryptocurrency trading fees, with stock price tied to crypto prices.
Wood’s recent purchases include shares in Nvidia, Amazon, Tempus AI, and Coinbase. As of Dec. 31, 2024, she held $753.5 million in Coinbase, making up 6.24% of all Ark funds. The stock ranked as the third-largest position in her portfolio. Wood’s strategy involves buying and selling based on stock movements and market conditions.
Read more at Yahoo Finance: Cathie Wood buys $22 million battered tech stock amid tariffs