Wood’s ARK Buys Nvidia Shares for First Time Since August
A Nvidia Blackwell GPU chip.
Photographer: Akio Kon/BloombergCathie Wood’s flagship fund bought Nvidia Corp. shares on Thursday following the company’s blowout earnings, reiterating her firm ARK Investment Management’s bullish stance on the chip bellwether.
ARK Innovation ETF, an actively managed exchange-traded fund incorporated in the US, bought 93,374 shares of Nvidia on Thursday, according to the ETF provider’s daily trading data. That was the first purchase of Nvidia stock by any ARK fund since Aug. 4, data compiled by Bloomberg show.