Published on 31 May 2024 on Benzinga
Ark Invest CEO Cathie Wood has gained fame for her ability to identify innovative companies poised for significant growth over the next five years. Recognizing the potential in artificial intelligence, Ark Invest made an early investment in NVIDIA Corp NVDA.
While Nvidia was a great stock for the flagship Ark Innovation ETF ARKK, the Wood-led ETF sold out of its position too early and missed the current huge increase in valuation for the semiconductor company.