Cathie Wood buys $18.7 million of troubled megacap tech stock
Cathie Wood buys $18.7 million of troubled megacap tech stock originally appeared on TheStreet.
Cathie Wood doesn’t easily walk away from the companies she believes in.
The Ark Invest founder has a habit of sticking with tech stocks she sees as shaping the future. Even when these names face controversy, Wood often leans in rather than pulling back.
This is what she just did, adding to a high-profile tech stock that’s been under pressure, caught in headlines and market swings.
Wood’s funds have experienced a volatile ride this year, swinging from sharp losses to strong gains.
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In January and February, the Ark funds rallied…
