The Latest Breaking News from Ark Invest

After a horrible 2021 for Cathie Wood, the ARK Innovation ETF (NYSE: ARKK) is down another 59.1% in 2022. High-growth tech stocks have taken a beating as interest rates have spiked, sending ARK Invest ETFs plummeting.

Ark Invest and Cathie Wood have bet on several space-related companies over the years. The ETF company also launched its own space ETF in 2021 to tackle the growing industry.

Cathie Wood’s ARK Investment Management’s flagship fund ARK Innovation (ARKK), has dropped more than 56% in price year-to-date, as its tech stock holdings have been hard hit amid the broader market sell-offs on concerns over rising inflation, aggressive interest rate hikes, and a potential recession. Hence, we think investors should…

Roku Inc. (NASDAQ: ROKU) stock has struggled over the last year with shares down over 80%. Ark Invest, led by Cathie Wood, remains heavily invested in the streaming platform and hardware maker.