Cathie Wood, the renowned investor and founder of ARK Invest, has made some significant changes to her tech portfolio. Wood has been continuing to reduce her holdings in Tesla and Palantir, while increasing her investments in AMD and Meta.
Wood’s decision to decrease her stake in Tesla and Palantir comes as a surprise to some, as she has been a long-time supporter of both companies. However, Wood may be taking a more cautious approach due to the recent volatility in the tech sector.
On the other hand, Wood’s increased interest in AMD and Meta is notable. AMD, a semiconductor company, has been performing well in the market and is poised for future growth. Meta, formerly known as Facebook, is also a strong player in the tech industry with its social media platforms and virtual reality endeavors.
Overall, Cathie Wood’s recent portfolio shuffling reflects her strategy of staying ahead of market trends and adapting to changing conditions. It will be interesting to see how these investments play out in the coming months.