TECH - EXCLUSIVE: Ark Invest Was 'There' With Nvidia At $5 Cathie Wood Tells Benzinga | Benzinga
Cathie Wood, the founder of Ark Invest, recently sat down with Benzinga CEO Jason Raznick on “The Raz Report” to address pressing investor questions — chief among them, investor concern regarding Ark's multiple sales of Nvidia Corp (NASDAQ:NVDA) stock.
Wood Buys Low, Sells High: “If we see one of our stocks up 20, 30, 50, 100, 200% in a short period of time, we will take profits. Clearly the momentum buyers want it; they’re willing to pay up dramatically,” Wood said.
Wood made clear that Ark Invest was “there” from Nvidia’s nascent stages, recalling a brainstorm session that led the firm to buy Nvidia shares back in 2014 when ...