Cathie Wood Invests $12.9 Million in Trending Robotaxi Stock
Tuesday saw Cathie Wood's Ark Invest making significant trades in Amazon, Pony AI, and Archer Aviation, showing strategic investment in important tech sectors.
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Ark Invest, managed by Cathie Wood, made strategic technology investments on Tuesday. The company purchased Amazon shares worth $1.44 million following strong quarterly earnings that showed growth in artificial intelligence.
They invested $12.9 million in Pony AI, an autonomous driving company that reported 75.9% year-over-year sales growth from expanding robotaxi services. Ark also bought $3.4 million in Archer Aviation shares, despite challenging quarterly results, showing confidence in electric vertical takeoff aircraft technology. Additional trades included buying eToro shares and selling positions in Natera, Guardant Health, and Kratos Defense.
These moves demonstrate Ark's continued focus on disruptive technologies across multiple sectors.
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-