Cathie Wood sells $75M of surging semiconductor stock
Cathie Wood, head of Ark Investment Management, sold $75 million worth of shares in a semiconductor stock that had risen 25% in a week. This move comes amid a shift in performance for her Ark Innovation ETF (ARKK), which has underperformed the S&P 500 in 2026. Wood's investment strategy, focused on high-growth tech sectors, has led to both significant gains and losses in the past.
Tickers: $ARKK
Topics: ARKK Cathie Wood ETF performance investment activity semiconductor stock