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Putting millions of dollars behind a company that hasn’t been commercially successful yet will seem like a risky move to many. But contrarian investor Cathie Wood has built her strategy around identifying growth opportunities before they reach maturity, often buying when volatility and negative sentiment weigh on share prices.
ARK Invest’s recent purchase of $12 million worth of Archer Aviation (ACHR) stock reflects this strategy. Currently valued at a market cap of $3.6 billion, the opportunity is enormous if the company can make electric air taxis commercially successful. The risks, however, are just as real.
