Cathie Wood Invests $12.9 Million in Popular Robotaxi Company
On Tuesday, Cathie Wood's investment company made important trades with Amazon, Pony AI, and Archer Aviation stocks.
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Cathie Wood's investment company made several trades on Tuesday. They bought Amazon shares worth $1.44 million because Amazon had good earnings. They spent $12.9 million on Pony AI, a company that makes self-driving taxi cars.
Pony AI's sales grew 75.9% this year. They also bought $3.4 million in Archer Aviation shares. Archer makes electric flying vehicles.
The company sold some other stocks too. They believe in companies that create new technology, even when the market is difficult.
Original Article
benzinga.comhttps://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/08/47080244/cathie-wood-just-dropped-12-9-million-on-this-trendy-robotaxi-stock-ark-also-loads-up-