Cathie Wood sells $75 million in surging semiconductor stock
Cathie Wood, head of Ark Investment Management, sold a notable stake in a semiconductor stock after it surged 25% in a week. Ark Innovation ETF (ARKK) has underperformed this year, down 1.76% year-to-date compared to the S&P 500's 4.67% gain. Wood's investment strategy has historically been volatile, with significant gains in 2020 and steep losses in 2022.
Topics: Ark Innovation ETF Cathie Wood market swings selling shares semiconductor stock