Ark Investment Management’s Cathie Wood buys tech stock after an 11% drop, reversing recent sales near peak levels.
Ark Investment Management CEO Cathie Wood acquired $12.9 million of a tech stock following an 11% decline, reversing a prior sale near recent highs. The move highlights Wood’s strategy of capitalizing on short-term volatility in high-growth sectors.
Wood’s flagship Ark Innovation ETF (ARKK) rose 35.49% in 2025, outpacing the S&P 500’s 17.88% gain, but trails this year with a 1.61% increase versus the S&P 500’s 8% advance. The fund’s long-term performance remains volatile, with a five-year annualized return of -6.17% compared to the S&P 500’s 13.45%.
Wood focuses on disruptive technologies like AI, blockchain, and robotics, betting on long-term growth despite market swings. Her 2020 success, when ARKK surged 153%, contrasts with a 60% drop in 2022, underscoring the fund’s risk profile.