
Popular stock picker Cathie Wood’s Ark Invest on Thursday initiated a new exposure in Nvidia Inc (NASDAQ:NVDA) just seven months after it had exited all of its stake in the graphics chipmaker.
St. Petersburg, California-based Ark Invest scooped up 245,286 shares, estimated to be worth $43.78 million, in Nvidia on Thursday when the stock closed 5.2% higher and brought its year's losses to 41%.