Cathie Wood's weekly recap: buys TEM, WGS, and CRWV; sells AMD and RKLB
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Cathie Wood's ARK Invest ETFs adjusted their portfolio by increasing investments in AI infrastructure, genomic medicine, and defense technology while reducing holdings in semiconductor and space-related companies. Notable purchases included shares of Intellia Therapeutics, Tempus AI, and GeneDx, while significant sales involved Advanced Micro Devices and Rocket Lab. Overall, ARK's strategy reflects a strong focus on AI and healthcare sectors, with substantial inflows into software and fintech companies as well.
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