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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Cathie Wood Keeps Buying the Dip on SpaceX, Adds $20 Million of TSMC as Chip Stocks Slide

SpaceX TSM TSMC ARK Wood Amazon Alphabet Amazon.com Inc. Google NYSE
Kyiv,,Ukraine,-,February,25,,2021:,In,This,Photo,Illustration

Cathie Wood’s Ark Invest leaned into some of its highest-conviction growth themes on Wednesday, July 29, led by a broad push into Space Exploration Technologies (NASDAQ:SPCX), Taiwan Semiconductor Manufacturing (NYSE:TSM), Amazon.com (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOGL). The buying and selling spree came as those names sat near major news catalysts, with SpaceX facing heavy short bets, TSMC under pressure from a tech rotation and Amazon heading into an earnings watch period.

The SpaceX Trade

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