Cathie Wood Bets Big on Cerebras and Palantir Stocks After Sharp Pullback

Not many investors embrace volatility like Cathie Wood. At a time when the market usually runs away from growth stocks, Wood starts accumulating stakes in them. The founder and CEO of Ark Invest has been very vocal about the long-term potential of artificial intelligence (AI), and her interest clearly shows in the significant investments that Ark funds make in AI stocks, particularly when they fall out of favor with the market.

Recently, Wood increased her exposure to AI-focused companies Palantir Technologies (PLTR) and Cerebras Systems (CBRS) following a sharp pullback. With the market dumping these two stocks now, Wood is bargain hunting again.