Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Motley Fool·- Cathie Wood is increasing positions in Archer Aviation, SpaceX, and Meta Platforms, despite their recent stock declines. - Archer's stock recently surged nearly 20% due to the introduction of a new autonomous rotorcraft, but it has fallen 60% over the past year, with significant revenue growth projected by 2029. - SpaceX has also seen a significant drop since its IPO, and despite Meta's performance being relatively stable, it is still trading near a yearly low while experiencing accelerating revenues.Cathie Wood's Ark Bets Big on Mark Zuckerberg, Elon Musk as It Loads Up on Meta and SpaceX — Trims AMD and Robinhood
benzinga_article·- On Monday, Ark Invest executed significant trades involving various technology companies, including Meta, SpaceX, and Archer Aviation, reflecting its strategy focused on innovation. - Notable actions included a purchase of Meta shares valued at $18.2 million, increased stake in SpaceX for $20.5 million, and acquisitions in Archer Aviation worth approximately $644,103. - Ark also reduced its holdings in AMD and Robinhood, aligning with market trends and overall confidence in AI and tech infrastructure potential.