Cathie Wood Invests $32.6M in Shopify Following Strong Earnings Report
Cathie Wood's ARK Invest purchased $32.6 million worth of Shopify (SHOP) shares following the company's strong Q1 2026 earnings report. Shopify reported record revenue and $100 billion in gross merchandise value, with a focus on its AI capabilities. Wood is shifting investments from AI chipmakers to companies integrating AI into their operations.
Topics: AI ARK Invest Cathie Wood Earnings E-commerce Shopify