TECH - Cathie Wood Remains Bullish On AI Investments Despite Nvidia Stock Adjustments | Benzinga
Cathie Wood of Ark Investment Management remains confident in her firm's AI investments despite scaling back on Nvidia Corp (NASDAQ:NVDA) shares prior to their significant rise last year.
Speaking at the Greenwich Economic Forum in Hong Kong, Wood emphasized Ark's continued exposure to emerging tech players, even though Nvidia remains a part of their specialized portfolios.
Wood noted that she initially invested in Nvidia in 2014 when the stock was approximately $4 per share, adjusted for splits.
The flagship ARK Innovation ETF held the stock until it surged to around $400 before selling off most of the position just before Nvidia's dramatic rally last year.
The AI-focused chipmaker has since seen its shares skyrocket, with a market value surpassing $3 trillion, overtaking Apple Inc. (NASDAQ: