![](\"https:\/\/www.thestreet.com\/.image\/c_fit%2Ch_800%2Cw_1200\/NDA6MDAwMDAwMDAyOTMzMTA5\/ark-invest-ceo-cathie-wood.jpg\")
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Cathie Wood, chief of Ark Investment Management, usually targets \u201cdisruptive\u201d tech stocks, and her trades are closely watched by investors for signals on future market movements.<\/p>\n
Sometimes Wood will buy stocks on the way down, hoping for a bargain. And sometimes she\u2019ll even add them on the way up. That\u2019s what she did last week.<\/p>\n
Last year, the flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500\u2019s return of 17.88% in the same period. But as of April 2, Wood\u2019s flagship Ark Innovation ETF (ARKK) was down roughly 12% year to date, while the S&P 500 dropped 3.8%.<\/p>\n
Wood gained a reputation after the Ark Innovation ETF delivered a 153% return in 2020. But her style also brings painful losses in bearish markets, as seen in 2022, when the Ark Innovation ETF tumbled more than 60%.<\/p>\n
Those swings have weighed on Wood\u2019s long-term gains. As of April 2, the Ark Innovation ETF has delivered a five-year annualized return of -10.6%, while the S&P 500 has an annualized return of 12% over the same period, according to data from Morningstar.<\/p>\n
Cathie Wood expects \u201cgreat acceleration\u201d brought by technology developments<\/p>\n
Wood focuses on high-tech companies across artificial intelligence, blockchain, biomedical technology, and robotics. She thinks these businesses have strong growth potential, though their volatility often causes fluctuations in the Ark\u2019s funds.<\/p>\n
From 2014 to 2024, the Ark Innovation ETF wiped out $7 billion in investor wealth, according to an analysis by Morningstar\u2019s analyst Amy Arnott. That made it the third-biggest wealth destroyer among mutual funds and ETFs in Arnott\u2019s ranking. The analyst hasn\u2019t updated the 2025 ranking.<\/p>\n
Related: Cathie Wood sells $36 million of megacap tech stock<\/p>\n
The global economy is not heading into a downturn, but into a \u201cgreat acceleration\u201d driven by AI and other breakthrough technologies, Wood said in a March 23 Bloomberg podcast.<\/p>\n
\u201cWe\u2019re not going into the Great Depression, we\u2019re going into the great acceleration,\u201d Wood added, pointing to how past technological revolutions reshaped economic growth.<\/p>\n
She noted that global real GDP growth averaged just 0.6% between the years 1500 and 1900, before the Industrial Revolution lifted it to about 3% for more than a century. Now, she argues, a new wave of innovation could push growth much higher.<\/p>\n
\u201cWe think [technologies] are going to take growth into the 7 to 8% range,\u201d Wood said, explaining that the number may actually be conservative.<\/p>\n
Wood also emphasized that AI is rapidly driving down costs across industries.<\/p>\n
\u201cThese technologies are deflationary,\u201d she said. \u201cAI training costs are dropping 75% per year, and inference costs are falling as much as 85% to even 98% annually.\u201d<\/p>\n
In an earlier letter published in January, Wood rejects the \u201cAI bubble\u201d talk, saying it “is years away” and that “the most powerful capital spending cycle in history” is coming.<\/p>\n
“What once was the cap in spending seems to have become a floor now that the AI, robotics, energy storage, blockchain technology, and multiomics sequencing platforms are ready for prime time,” she said.<\/p>\n
But not all investors agree with Wood\u2019s optimism. In the 12 months through April 2, the Ark Innovation ETF saw roughly $1.2 billion in net outflows, with $40 million exiting the fund over the past month, according to data from ETF research firm VettaFi.\u00a0<\/p>\n
In the 12 months through April 2, the Ark Innovation ETF saw roughly $1.2 billion in net outflows.<\/p>\n
Getty Images<\/p>\n
Cathie Wood buys $6.9 million of CoreWeave stock<\/p>\n
On March 30, March 31, and April 1, Wood\u2019s Ark Innovation ETF bought a total of 83,764 shares of CoreWeave Inc (CRWV), according to Ark\u2019s daily trade information. These shares are valued at about $6.9 million, as of the latest closing price of $82.\u00a0<\/p>\n
The tech-heavy Nasdaq Composite has dropped about 6% year to date amid higher energy prices and escalating geopolitical tensions in the Middle East.<\/p>\n
Related: Goldman Sachs has blunt message on gold price for rest of 2026<\/p>\n
But CoreWeave, the Nvidia-backed cloud infrastructure company, is up roughly 15% over the same period.<\/p>\n
CoreWeave focuses on GPU-powered computing for AI and machine learning workloads. Its data centers run on Nvidia chips, and major customers include Google (GOOGL) and Microsoft (MSFT).<\/p>\n
In February, CoreWeave reported fourth-quarter revenue of $1.57 billion, slightly ahead of estimates of $1.55 billion, while posting an adjusted loss of 56 cents per share, wider than the expected 49-cent loss.<\/p>\n
Revenue surged 110% year over year, reflecting the still-strong demand for AI infrastructure.<\/p>\n
But the market focused on what comes next. The company guided for first-quarter revenue of $1.9 billion to $2 billion, missing consensus estimates of $2.29 billion.<\/p>\n
Bank of America analyst Tal Liani recently revisited CoreWeave stock, upgrading the rating to buy from neutral with a $100 price target, according to a March 24 research report sent to TheStreet.<\/p>\n
“We believe CoreWeave is well-positioned to capture share of the $79 billion AI infrastructure as a service market, given 1) sustained demand for AI compute; 2) its proprietary software optimized for AI workloads; and 3) strategic alliances with top-tier AI-native companies such as Nvidia and OpenAI,” the analysts wrote.<\/p>\n
CoreWeave is not in the top 10 holdings of Wood\u2019s Ark Innovation ETF.<\/p>\n
Top 10 holdings of the Ark Innovation ETF as of April 2, 2026:Tesla (TSLA) 10.54%CRISPR Therapeutics (CRSP) 6.30%Tempus AI (TEM) 5.02%Shopify (SHOP) 4.74%Coinbase Global (COIN) 4.32%Robinhood Markets (HOOD) 4.27%Circle Internet Group (CRCL) 4.25%Advanced Micro Devices (AMD) 4.05%Roku (ROKU) 3.95%Roblox (RBLX) 3.55%<\/p>\n
Besides buying CoreWeave, Wood also added stakes in DoorDash (DASH), Kodiak AI (KDK), Oklo (OKLO), and ChatGPT-maker OpenAI ahead of its potential IPO.<\/p>\n
CoreWeave stock closed at $82.24 on April 2, and is up 15% year to date.\u00a0<\/p>\n
Related: Morgan Stanley sends clear message on semiconductor stocks after selloff<\/p>\n
#Cathie #Wood #buys #million #surging #tech #stock<\/p>\n","protected":false},"excerpt":{"rendered":"
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