The Economic Times

Is Cathie Wood betting on the next stage of the AI boom amid Wall Streets tech stock crash, buying SpaceX and Nvidia while selling $120 million in Broadcom stock?

Cathie Wood is buying AI stocks while Wall Street is selling them. ARK Invest purchased nearly $49 million in SpaceX and $46 million in Nvidia after Thursdays tech sell-off wiped out more than $3 trillion in US market value. But it sold $119.7 million in Broadcom and $20 million in CoreWeave. The contrasting trades raise questions about Woods AI strategy.