Cathie Wood Seeks Tech Gains in Meta, TSMC After Dumping Nvidia
- Two Ark funds purchase about 175,000 shares of Meta Platforms
- Autonomous Technology ETF buys more than 98,000 shares of TSMC
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Cathie Wood’s funds have reentered Meta Platforms Inc. and Taiwan Semiconductor Manufacturing Co. after nearly a year and a half, as the high-profile manager makes new bets on artificial intelligence and chips.
Two Ark Investment Management LLC funds, including Wood’s flagship Ark Innovation ETF, bought 174,848 shares of Facebook’s parent company on Monday, while Ark Autonomous Technology and Robotics ETF picked up 98,170 shares of chip bellwether TSMC, according to data compiled by Bloomberg. Before this, Ark last held the two stocks in the final quarter of 2021.