Cathie Wood Sells Into Nvidia Frenzy Again, Cuts TSMC Stake
- Ark ETF sells TSMC shares for the first time since end-2021
- The fund has been paring holdings in TSMC’s key client Nvidia
Cathie Wood
Photographer: Lauren Justice/BloombergThis article is for subscribers only.
Cathie Wood sold shares of Taiwan Semiconductor Manufacturing Corp. for the first time in more than two years, adding to moves to cut exposure in the chipmaker’s key customer Nvidia Corp.
Ark Autonomous Technology and Robotics ETF sold 8,599 American depositary receipts of Taiwan’s largest company Friday in its first sale of the stock since the end of 2021, Ark Investment Management LLC data compiled by Bloomberg show. The same ETF sold 2,362 shares of Nvidia the same day.