Cathie Wood buys $9.6 million of megacap tech stock amid market sell-off
Cathie Wood, chief of Ark Investment Management, has invested $9.6 million in a megacap tech stock.
The investment comes as the broader market experiences a sell-off. In 2025, the Ark Innovation ETF gained 35.49%, outpacing the S&P 500’s return of 17.88%.
Wood’s investment style focuses on high-tech companies with strong growth potential, despite their volatility. The Ark Innovation ETF has delivered a five-year annualized return of -8.95%, compared to the S&P 500’s 11.27% over the same period.
The Ark Innovation ETF is down 1.48% year to date, while the S&P 500 has surged 7.49%. Wood’s funds have experienced significant swings, with the Ark Innovation ETF tumbling more than 60% in 2022.