<\/p>\n
Cathie Wood, chief of Ark Investment Management, often trades during earnings season.<\/p>\n
This time, the timing worked. She picked up shares of a megacap tech company just before results, and the stock has since surged following the report.<\/p>\n
In 2025, the flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500\u2019s return of 17.88% in the same period. But so far this year, Wood\u2019s flagship Ark Innovation ETF (ARKK) is down 5.57%, while the S&P 500 surged 4.24%, Yahoo Finance data show.<\/p>\n
Wood gained a reputation after the Ark Innovation ETF delivered a 153% return in 2020. However, 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 29, the Ark Innovation ETF has delivered a five-year annualized return of -9.44%, while the S&P 500 has an annualized return of 12.75% over the same period, according to data from Morningstar.<\/p>\n
Cathie Wood expects \u201cgreat acceleration\u201d brought by tech 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
According to Morningstar analyst Bella Albrecht, two of Wood\u2019s Ark funds were among the worst-performing ETFs in the first quarter of 2026. The Ark Next Generation Internet ETF (ARKW) ranked second on the list, while the ARK Innovation ETF placed fifth.<\/p>\n
From 2014 to 2024, the Ark Innovation ETF wiped out $7 billion in investor wealth, according to a March 2025 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
In a March Bloomberg podcast, Wood says the global economy is not heading into a downturn, but into what she calls a \u201cgreat acceleration\u201d driven by AI and other breakthrough technologies.<\/p>\n
Related: Cathie Wood sells $75M of surging semiconductor stock<\/p>\n
\u201cWe\u2019re not going into the Great Depression, we\u2019re going into the great acceleration,\u201d Wood said, pointing to how past technological revolutions reshaped economic growth.<\/p>\n
She noted that global real GDP growth averaged just 0.6% between 1500 and 1900, before the Industrial Revolution lifted it to around 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, adding that the number may actually be conservative.<\/p>\n
Wood also noted that AI is 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
Some investors appear to agree with Wood\u2019s optimism. From April 23 to April 28, the ARK Innovation ETF saw roughly $211.63 million in net inflows, with one-month net inflows reaching $376.85 million, according to data from ETF research firm VettaFi.\u00a0<\/p>\n
From April 23 to April 28, the ARK Innovation ETF saw roughly $211.63 million in net inflows.<\/p>\n
Getty Images<\/p>\n
Cathie Wood buys $14.1 million of Alphabet stock<\/p>\n
On April 28, Wood\u2019s Ark Innovation ETF bought 40,656 Class C shares of Alphabet Inc. (GOOG), according to Ark\u2019s daily trade information. These shares are valued at approximately $14.1 million based on the latest closing price of $347.31.\u00a0<\/p>\n
The Google parent reported first-quarter earnings on April 29. Earnings per share came at $5.11, well above analyst estimates of $2.62. Revenue rose 20% from last year to $109.9 billion, topping Wall Street expectations of $106.79 billion.<\/p>\n
Related: Stanley Druckenmiller dumps SanDisk and buys surging energy stock<\/p>\n
As of writing, shares of Alphabet were up about 7% in after-hours trading following the results.<\/p>\n
Alphabet’s cloud business continued to gain momentum. Google Cloud brought in $20.02 billion in revenue, ahead of the $18.05 billion analysts had been expecting, according to CNBC.<\/p>\n
\u201cOur enterprise AI solutions have become our primary growth driver for cloud for the first time in Q1,\u201d Alphabet CEO Sundar Pichai said in the earnings call.\u00a0<\/p>\n
Alphabet lifted its 2026 capital spending forecast to $180 billion to $190 billion, up from its earlier $175 billion to $185 billion range. CFO Anat Ashkenazi also said 2027 spending is expected to \u201csignificantly increase\u201d from 2026.<\/p>\n
In a letter published in January, Wood said AI is bringing “the most powerful capital spending cycle in history.”<\/p>\n
More AI:<\/p>\n
Micron sits at the center of a red-hot chip rallyIBM CEO sends blunt message on AI and quantum computingAnthropic CEO makes shocking admission about AI<\/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
Citi analysts led by Ronald Josey reiterated a buy rating and a $405 price target on Alphabet shares following the earnings, according to a research note sent to TheStreet.<\/p>\n
“Given Google Cloud revenue growth is reaccelerating on TPU (Google’s custom-designed AI accelerators) and Gemini demand… we believe the shares warrant a premium to the market and to Alphabet\u2019s historical multiple,” the analysts wrote.<\/p>\n
Alphabet is not a top 10 holding in the Ark Innovation ETF.<\/p>\n
Top 10 holdings of the Ark Innovation ETF as of April 29, 2026:Tesla Inc. (TSLA) 9.54%Advanced Micro Devices Inc. (AMD) 5.17%CRISPR Therapeutics AG (CRSP) 4.93%Tempus AI Inc. (TEM) 4.91%Shopify Inc. (SHOP) 4.39%Coinbase Global Inc. (COIN) 4.35%Robinhood Markets Inc. (HOOD) 4.23%Roku Inc. (ROKU) 4.15%Circle Internet Group Inc. (CRCL) 3.97%Palantir Technologies Inc. (PLTR) 3.16%<\/p>\n
Other than buying Alphabet shares, Wood\u2019s recent moves include buying CoreWeave (CRWV), Intellia Therapeutics (NTLA), Kratos Defense & Security Solutions (KTOS), Spotify Technology SA (SPOT), and Robinhood Markets (HOOD), while selling Bullish (BLSH), Roku (ROKU), Intercontinental Exchange (ICE), and Twist Bioscience (TWST).<\/p>\n
Related: Morgan Stanley has blunt message for stock market investors<\/p>\n
#Cathie #Wood #buys #million #megacap #tech #stock<\/p>\n","protected":false},"excerpt":{"rendered":"
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