<\/p>\n
Cathie Wood has spent much of 2026 rotating among artificial intelligence winners, trimming some positions while adding to others as investors pile into the sector.<\/p>\n
The Ark Invest chief just bought shares of a megacap tech firm.<\/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. So far this year, Wood\u2019s flagship Ark Innovation ETF (ARKK) is up 5.24% year to date, while the S&P 500 surged 10.73%, Yahoo Finance data shows.<\/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 29, the Ark Innovation ETF has delivered a five-year annualized return of -5.92%, while the S&P 500 has an annualized return of 12.51% over the same period, according to data from Morningstar.<\/p>\n
Cathie Wood expects a \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
In the 12 months through May 28, the Ark Innovation ETF saw roughly $768 million in net outflows.<\/p>\n
Getty Images<\/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
\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
Related: Cathie Wood buys $32 million of popular semiconductor stock<\/p>\n
In a letter published in January, Wood rejects the \u201cAI bubble\u201d talk, saying it “is years away” and “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 May 28, the Ark Innovation ETF saw roughly $768 million in net outflows, according to data from ETF research firm VettaFi.\u00a0<\/p>\n
Cathie Wood buys $6.5 million of Amazon stock<\/p>\n
Wood\u2019s Ark Innovation ETF bought 24,186 shares of Amazon.com, Inc. (AMZN), on May according to Ark\u2019s daily trade information. These shares are valued at approximately $6.5 millionbased on the latest closing price of $270.64.\u00a0<\/p>\n
Shares of Amazon have gained 17.25% year to date, making it the second-best-performing Magnificent Seven stock, behind only Alphabet (GOOGL).<\/p>\n
Magnificent Seven Stocks Ranked by 2026 Performance:Alphabet (GOOGL): +21.51%Amazon (AMZN): +17.25%Apple (AAPL): +14.79%Nvidia (NVDA): +13.21%Tesla (TSLA): -3.10%Meta Platforms (META): -4.18%Microsoft (MSFT): -6.90%<\/p>\n
The gains were driven by growing optimism around Amazon Web Services (AWS), the company’s AI hub, as well as a broader rally in technology stocks.<\/p>\n
Related: 5-star analyst sets jaw-dropping Nvidia stock price target<\/p>\n
On April 29, the e-commerce giant reported better-than-expected first-quarter 2026 earnings and revenue, with earnings of $2.78 a share on revenue of $181.52 billion, topping Wall Street estimates of $1.64 a share and $177.30 billion in revenue.<\/p>\n
Amazon Web Services revenue rose 28% from a year earlier to $37.59 billion, its fastest growth rate in more than three years and above Wall Street’s $36.64 billion expectation.\u00a0<\/p>\n
Like other Big Tech companies, Amazon has been ramping up spending on artificial intelligence. CEO Andy Jassy said in February that the company expects capital expenditures to reach $200 billion in 2026.\u00a0<\/p>\n
The company has already expanded its AI investments this year, announcing plans to invest up to $25 billion in Anthropic in April after revealing a $50 billion investment in OpenAI in February.<\/p>\n
Amazon is also looking to turn its AI technology into a business of its own. On May 27, the company said it would package its “Alexa for Shopping” AI assistant for other retailers, allowing them to launch AI-powered shopping assistants tailored to their own stores and products.<\/p>\n
Bank of America estimates Amazon’s AI shopping tools could generate more than $200 billion in incremental gross merchandise volume and profits by 2035, making AI a key growth driver for its retail business.\u00a0<\/p>\n
“As usage increases, AfS should benefit from a flywheel effect in which better personalization drives higher conversion and incremental engagement,” the analyst wrote in a recent research note. “We believe AfS can ultimately drive higher conversion rates than Rufus alone, making AfS a Retail sales driver as usage scales.”<\/p>\n
Bank of America reiterated its buy rating and $310 price target on Amazon stock.<\/p>\n
Amazon is not a top 10 holding in either the Ark Innovation ETF.<\/p>\n
Top 10 holdings of the Ark Innovation ETF as of May 29, 2026:Tesla (TSLA) 10.55%Advanced Micro Devices (AMD) 5.60%CRISPR Therapeutics (CRSP) 5.02%Tempus AI (TEM) 4.92%Robinhood Markets (HOOD) 4.68%Circle Internet Group (CRCL) 4.33%Shopify (SHOP) 4.28%Roku (ROKU) 4.26%Coinbase Global (COIN) 3.84%Twist Bioscience (TWST) 3.13%<\/p>\n
Other than buying Amazon shares, Wood’s recent trades included adding to positions in Kratos Defense & Security Solutions (KTOS) and Futu Holdings (FUTU), while trimming stakes in Robinhood Markets (HOOD), Teradyne (TER), Intercontinental Exchange (ICE), and Kaspi.kz (KSPI).<\/p>\n
Related: Fidelity, Charles Schwab deliver major message on 401(k)s, IRAs<\/p>\n
#Cathie #Wood #buys #million #megacap #tech #stock<\/p>\n","protected":false},"excerpt":{"rendered":"
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