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Cathie Wood buys $10. 9 million of tumbling tech stock

Cathie Wood, head of Ark Investment Management, often sees falling stock prices as an opportunity to add to her favorite technology investments. Sometimes, she buys shares on the way down, hoping to pick them up at a bargain. That’s what she did this week with Palantir Technologies (PLTR), adding shares after the AI software company’s stock dropped following its third-quarter earnings report.

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