Cathie Wood’s flagship Ark fund just logged its worst quarter in over a year — one mega-cap stock is largely to blame

MSN
2026.04.01 04:33
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Cathie Wood's ARK Innovation ETF (ARKK) experienced a 12% decline in the latest quarter, marking its worst performance since early 2025. The fund maintains a $2,600 price target for Tesla by 2029, which does not account for potential gains from the Optimus humanoid robot. Wood also highlighted that autonomous mobility could represent a $10 trillion market opportunity.