Cathie Wood, renowned investor and founder of ARK Invest, recently sold $8 million worth of a surging tech stock. Wood, who is known for her successful bets on innovative companies, made the decision to unload a portion of her holdings in the tech stock as it continued to rise in value. This move is consistent with Wood’s strategy of actively managing her portfolio and taking profits when opportunities arise. Despite selling off a significant amount of the stock, Wood remains optimistic about the tech sector and is likely to continue seeking out promising investment opportunities. Her actions serve as a reminder of the importance of staying agile in the ever-changing world of investing.
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