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Cathie Wood buys $52 million of surging tech stock
Key takeaways
- Cathie Wood buys $52 million of surging tech stock Silin Chen Sun, June 21, 2026 at 4:03 AM GMT+7 6 min read ARKK ^GSPC Cathie Wood, chief of Ark Investment Management, is no stranger to buying into momentum.
- That’s what she did in the past week, initiating a position in a tech stock that has rallied more than 40% over the past month.
- In 2025, the 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 $52 million of surging tech stock Silin Chen Sun, June 21, 2026 at 4:03 AM GMT+7 6 min read ARKK ^GSPC Cathie Wood, chief of Ark Investment Management, is no stranger to buying into momentum.
That’s what she did in the past week, initiating a position in a tech stock that has rallied more than 40% over the past month.
In 2025, the flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500’s return of 17.88% in the same period. But so far this year, Wood’s flagship Ark Innovation ETF (ARKK) is up 2.98%, trailing the S&P 500’s gain of 9.57%, Yahoo Finance data shows.
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