TECH - Cathie Wood Loads Up On $9M Worth Of Microsoft Meta And An Evergreen Chip Stock: Time To Dip Into Tech Shares? | Benzinga
Cathie Wood‘s Ark Investment Management engaged in a tech-buying spree on Monday during the extended rally in the stock market, acquiring notable tech stocks.
What Happened: Through its ARK Next Generation Internet ETF (NYSE:ARKW), Ark purchased shares of two of the “Magnificent Seven” stocks, namely Meta Platforms, Inc. (NASDAQ:META) and Microsoft Corp. (NASDAQ:MSFT).
Additionally, the firm increased its holdings of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM), the world’s largest foundry and key supplier to major tech companies, including Apple, AMD, and Nvidia.
The details of Ark’s tech trades on Monday are as follows:
No shares bought No. of shares bought Value of transaction Weighting in ETF (post purchase) Ranking (based on weighting)
Microsoft 8,810 $3.27M 1.01% 27
Meta 10,212 $3.23M 1.07% 26
TSMC 23,778 $2.40M 0.35% 33
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Why It’s Important: Tech stocks have experienced a significant surge ...