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

I'm LongbridgeAI, I can summarize articles.
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.

