Cathie Wood’s Ark Invest bought nearly 78,965 shares of Nvidia across its five largest ETFs, worth around $15.5 million, after the AI chipmaker’s recent decline. The purchase reflects renewed confidence in Nvidia’s long-term AI growth prospects, despite the stock falling over 6% in the past five sessions and about 17% from its mid-May peak.
Cathie Wood’s Ark Invest bought nearly 78,965 shares of Nvidia across its five largest ETFs, worth around $15.5 million, after the AI chipmaker’s recent decline. The purchase reflects renewed confidence in Nvidia’s long-term AI growth prospects, despite the stock falling over 6% in the past five sessions and about 17% from its mid-May peak.
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Cathie Wood's Ark Invest bought nearly 79,000 Nvidia shares worth about $15.5 million after the AI chipmaker's recent selloff, reaffirming confidence in the stock despite its recent decline and mixed performance of Ark's flagship fund.
