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Zenger
Zenger
Technology
Shanthi Rexaline

Cathie Wood Onto ‘Next Thing’ In AI After ARK’s Nvidia Exit: What’s On Her Radar?

Cathie Wood ARK Nvidia NYSE ARK Innovation ETF Ark Invest ETF Tesla Inc. Nasdaq
A company sign is displayed outside the NVIDIA headquarters on May 30, 2023 in Santa Clara, California. Chipmaker NVIDIA reached a $1 trillion market cap at the open bell of the NYSE on Tuesday morning. The company is forecasting second quarter sales of $11 billion, 50 percent higher than analyst estimates of $7.15 billion. JUSTIN SULLIVAN/BENZINGA

Ark Invest founder Cathie Wood clarified her firm’s flagship fund Ark Innovation ETF (NYSE: ARKK) decision to cash out of Nvidia Corp. (NASDAQ: NVDA) following criticisms that it missed the boat on the stock’s massive rally.

Cathie Wood, the CEO and Chief Investment Officer at ARK Invest, speaks during a session at the Web Summit in Lisbon. The Web Summit runs from 1-4 November. HENRIQUE CASINHAS/BENZINGA
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