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Cathie Wood’s Nvidia Bet Amid AI Surge | Raleigh News
Cathie Wood just dumped $22 million into Nvidia stock—right before earnings—showcasing her signature timing and bullish bet on AI. Despite her flagship Ark Innovation ETF lagging the S&P 500 this year and posting negative five-year returns, Wood remains laser-focused on AI’s transformative power, citing strong corporate profits and productivity gains as proof. Nvidia’s AI chip demand continues to surge, buoyed by record data center revenue, even as some tech giants scale back spending. Wood’s portfolio is in flux—she’s also adding to Rocket Lab and Block while trimming Shopify and AMD—always…
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