Cathie Wood Invests $27.9 Million in Meta Platforms Amid AI Expansion
On September 9, Cathie Wood's Ark Investment Management added a significant stake of $27.9 million into Meta Platforms (META), capitalizing on the company’s growing focus on artificial intelligence. This move comes as Meta launches its new Muse AI assistant, which has driven over 6% gains in META stock recently. Wood remains bullish about AI's potential to boost corporate profits and economic growth despite mixed long-term performance from her flagship Ark Innovation ETF (ARKK). While ARKK delivered a strong return of 35.49% last year compared to the S&P 500’s 17.88%, it has struggled with volatility, posting an annualized five-year loss of -6.89%. Over the past decade through 2025, the fund reportedly wiped out nearly $5 billion in investor wealth. Despite recent net outflows and skepticism from some investors about her strategy, Wood continues to advocate for AI-driven productivity gains as a key factor supporting corporate margins.
Topics: AI investment ARKK Cathie Wood Meta Platforms (META)