Published on 28 Feb 2024 on Insider Monkey via Yahoo Finance
Cathie Wood Was Buying These 11 Stocks for 2024
In this article, we will take a detailed look at Cathie Wood Was Buying These 11 Stocks for 2024. For a quick overview of such stocks, read our article Cathie Wood Was Buying These 5 Stocks for 2024.
Cathie Wood was again in the news recently after data from Morningstar showed that ARK ETF Trust lost about $14.3 billion in shareholder value over the past decade. Investors have also questioned Cathie Wood's decision to sell Nvidia in January 2023 just when the AI boom was taking off. Cathie Wood has clearly missed on the huge Nvidia rally, but she says investing in Nvidia was too easy and expensive. In May 2022 Cathie Wood in a tweet had said that Artificial General Intelligence (AGI) was expected to transform how the world works.
"Within 6-12 years, breakthroughs in AGI could a accelerate growth in GDP from 3-5% per year to 30-50% per year. New DNA will win!," Cathie Wood had said.