Cathie Wood buys $12.9 million of tumbling tech stock
Key takeaways
- Sometimes her trades move just as quickly as the stocks themselves.
- In the week that began on May 3, Wood sold millions of dollars worth of shares in one high-flying AI company near recent highs, only to turn around days later and buy back the stock after a sharp 11% drop.
- In 2025, Wood’s flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500’s return of 17.88% in the same period.
Cathie Wood buys $12.9 million of tumbling tech stock Silin Chen Mon, May 11, 2026 at 5:32 AM GMT+7 6 min read ARKK ^GSPC Cathie Wood, chief of Ark Investment Management, is known for making bold bets on fast-moving tech stocks. Sometimes her trades move just as quickly as the stocks themselves.
In the week that began on May 3, Wood sold millions of dollars worth of shares in one high-flying AI company near recent highs, only to turn around days later and buy back the stock after a sharp 11% drop.
In 2025, Wood’s flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500’s return of 17.88% in the same period. So far this year, Wood’s flagship Ark Innovation ETF (ARKK) was up roughly 1.61%, trailing the S&P 500’s gain of more than 8%.