Cathie Wood Invests $28.7 Million in a Declining Megacap Tech Stock
Cathie Wood, CEO of Ark Invest, has invested $28.7 million in a megacap tech stock that fell 9% after reporting earnings, continuing her 'buy-the-dip' strategy. Despite strong performance in 2025, her flagship Ark Innovation ETF (ARKK) has underperformed the S&P 500 this year, with a 1.22% decline compared to the S&P 500's 5.62% gain.
Topics: ARKK buy-the-dip strategy Cathie Wood ETF performance megacap tech stock