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Cathie Wood buys $22.1 million of battered tech stock

Cathie Wood buys $22.1 million of battered tech stock


Published on 2024-12-04 14:08:50 - Thomas Matters, WOPRAI
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  • Cathie Wood, chief executive of Ark Investment Management, typically focuses on technology stocks that she believes to have a disruptive impact. Sometimes, she'll buy even if a stock has shown little growth for a while
  • and that's what she did last week.

Cathie Wood, through her ARK Investment Management, has recently invested $22.1 million in a tech stock that has experienced significant declines. This move comes as part of her strategy to buy into companies when they are undervalued, particularly in the tech sector. The specific stock wasn't named in the article, but it's implied to be a well-known tech firm that has faced recent challenges. Wood's investment philosophy often involves betting on innovation and long-term growth potential, even amidst short-term market volatility. This purchase reflects her confidence in the tech industry's future, despite current economic headwinds affecting many tech companies.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/cathie-wood-buys-22-1-million-of-battered-tech-stock/ar-AA1vcemr ]
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