Cathie Wood, chief of Ark Investment Management, often sees a broad market sell-off as a great opportunity to add to her favorite technology investments. That’s what she just did, buying millions of dollars worth of Nvidia (NVDA) shares as the AI chipmaker plunged more than 9% amid a sharp decline in technology stocks. Last year, her flagship Ark Innovation ETF gained 35. 49%, far outpacing the S&P 500’s return of 17. 88% in the same period. Wood gained a reputation after the Ark Innovation ETF delivered a rosy 153% return in 2020.
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