TradingKey – On the Eve of Nvidia’s Stock Hitting All-Time Highs, Cathie Wood’s ARK Substantially Increases Its Stake: What Is She Betting On?
On August 17 Eastern Time, Nvidia (NVDA) stock continued to push higher, briefly rising to $227.87 during intraday trading, less than 4% away from its all-time high of $236.27. Subsequently, Nvidia’s stock pulled back from its high to close down 0.07% at $225.01, and fell further in overnight trading.
Nvidia stock price chart, Source: TradingView
As Nvidia’s stock price sprinted toward its all-time high, ARK Invest, steered by Cathie Wood—known as the “Tech Stock Goddess”—moved to substantially increase its holdings rather than trim them. According to daily trade disclosures from ARK Invest, the…
