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Benzinga
Benzinga
Technology
Rachit Vats

Cathie Wood's Ark Invest Makes Nvidia Re-Entry After 7 Months With $44M Buy

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%.

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