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Cathie Wood just dumped one of this year's biggest AI winners to load up on a stock that has barely moved, and the reasoning behind that swap reveals a lot about where she thinks the real opportunity still sits.
Advanced Micro Devices (AMD, Financials) just lost another sizable chunk of Cathie Wood's backing as ARK Invest shifted money toward two of its biggest AI-chip rivals.ARK also purchased 356,681 Nvidia (NVDA, Financials) shares for $81.04 million and 76,263 Broadcom (AVGO, Financials) shares worth…
Cathie Wood's ARK Invest made a decisive portfolio shift on Tuesday, buying approximately $81 million worth of Nvidia shares across four ETFs while…