<\/p>\n
Cathie Wood, chief of Ark Investment Management, is known for actively trading her holdings, sometimes selling stocks during sharp market pullbacks.<\/p>\n
Semiconductor stocks experienced a major market pullback on May 15, with the iShares Semiconductor ETF (SOXX) dropping roughly 4%. Amid that sell-off, Wood sold millions of dollars worth of shares in one chipmaker company.<\/p>\n
In 2025, Wood\u2019s flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500\u2019s return of 17.88% in the same period. So far this year, Wood\u2019s flagship Ark Innovation ETF (ARKK) was down 3.81%, trailing the S&P 500\u2019s gain of more than 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 May 7, the Ark Innovation ETF has delivered a five-year annualized return of -6.25%, while the S&P 500 has an annualized return of 13.80% 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 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
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
\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
Related: Qualcomm stock gets harsh reality check after semiconductor rally<\/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 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 that it “is years away” and that “the most powerful capital spending cycle in history” is coming.<\/p>\n
Some investors seem to agree with Wood\u2019s optimism. Over the past five days through May 14, the Ark Innovation ETF saw roughly $1.48 billion in net inflows, according to data from ETF research firm VettaFi.\u00a0<\/p>\n
Over the past five days through May 14, the Ark Innovation ETF saw roughly $1.48 billion in net inflows, according to data from ETF research firm VettaFi.<\/p>\n
Getty Images<\/p>\n
Cathie Wood sells $40.6 million of Taiwan Semiconductor stock<\/p>\n
On May 14 and 15, Wood\u2019s Ark funds sold a total of 100,549 shares of Taiwan Semiconductor Manufacturing Company (TSM), or TSMC, according to Ark\u2019s daily trade information. These shares are valued at about $40.6 million.<\/p>\n
Shares of TSMC, the world’s largest dedicated contract semiconductor foundry and a key supplier of Nvidia (NVDA), are up roughly 35% year to date as investors bet on a much bigger semiconductor market and an expanding role for the company in the AI supply chain.<\/p>\n
Related: Cathie Wood buys $12.9 million of tumbling tech stock<\/p>\n
TSMC just revealed that it now sees the semiconductor market reaching $1.5 trillion by 2030, topping its previous forecast \u200bof $1 trillion, according to its presentation materials ahead of a tech \u200csymposium on May 14, Reuters reported.<\/p>\n
The company has become a key manufacturer for the AI industry because most advanced AI chips cannot be mass-produced without Taiwan Semiconductor Manufacturing Company\u2019s chipmaking and advanced packaging technology.<\/p>\n
Among the $1.5 trillion 2030 chip market, TSMC sees 55% of demand tied to AI and high-performance computing.<\/p>\n
In April, TSMC reported rosy first-quarter 2026 results. Revenue increased 35.1%, net income and diluted EPS both increased 58.3%, and gross margin reached 66.2%.<\/p>\n
Those figures are well above Wall Street’s expectations. The company also raised its full-year 2026 outlook to more than 30% revenue growth in U.S. dollars.<\/p>\n
\u201cAI-related demand continues to be extremely robust,\u201d TSMC CEO C.C. Wei said on the Q1 earnings call.\u00a0<\/p>\n
\u201cOur business in the first quarter was supported by strong demand for our leading-edge process technologies,\u201d TSMC\u2019s CFO Wendell Huang said in a press release. \u201cMoving into second quarter 2026, we expect our business to be supported by continued strong demand for our leading-edge process technologies.\u201d<\/p>\n
Barclays raised its price target on TSMC to $470 from $450 and maintained an overweight rating on the shares after the earnings, The Fly reported.\u00a0<\/p>\n
The analysts said TSMC reported another quarter of” impressive delivery” with an earlier than expected guidance upgrade, the analyst wrote in a research note.\u00a0<\/p>\n
Barclays believes TSMC’s AI demand momentum is set to continue, making the stock “a core holding.”<\/p>\n
TSMC 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 May 15, 2026:Tesla, Inc. (TSLA) 11.16%Advanced Micro Devices, Inc. (AMD) 5.57%Circle Internet Group Inc. (CRCL) 5.23%CRISPR Therapeutics AG (CRSP) 4.74%Coinbase Global, Inc. (COIN) 4.72%Robinhood Markets, Inc. (HOOD) 4.70%Roku, Inc. (ROKU) 4.62%Tempus AI, Inc. (TEM) 4.61%Shopify Inc. (SHOP) 3.83%Palantir Technologies Inc. (PLTR) 2.97%<\/p>\n
Other than selling shares of TSMC, Wood\u2019s recent trading activity included purchases of Cerebras Systems (CBRS), while selling Advanced Micro Devices (AMD), Twist Bioscience (TWST), Teradyne (TER), and CareDx (CDNA).<\/p>\n
Related: AARP raises red flag on major 401(k) problem<\/p>\n
#Cathie #Wood #sells #million #popular #semiconductor #stock<\/p>\n","protected":false},"excerpt":{"rendered":"
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