Cathie Wood Invests in Archer Aviation, Robinhood Markets, and Cerebras
Cathie Wood, founder-CEO of Ark Invest, has made new investments in three stocks—Archer Aviation (ACHR), Robinhood Markets (HOOD), and Cerebras (CBRS)—on Tuesday. These purchases add to existing positions within her growth-focused ETFs. The selected stocks are trading significantly below their recent highs: 60%, 48%, and 24% respectively, which Wood sees as potential buying opportunities. Archer Aviation is a developer of electric vertical takeoff and landing (eVTOL) aircraft with limited revenue but strong partnerships for future deployment. Robinhood Markets has seen improved quarterly performance after earlier struggles in user growth. Cerebras focuses on high-performance computing hardware and AI solutions, which could benefit from increasing demand. Wood's strategy reflects her continued confidence in long-term disruptive technologies despite short-term market volatility.
Topics: Archer Aviation Ark Invest Cathie Wood eVTOL stock purchases