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Cathie Wood Doubles Down on Meta | Durham News
Cathie Wood just doubled down on Meta Platforms as its stock rockets 15% in five days—fueling her signature momentum play. She’s betting big on AI’s deflationary power, arguing it’s already reshaping markets and could drive lower rates and faster growth. But while she’s bullish on tech’s future, her flagship Ark Innovation ETF is bleeding money—down 5 years, outflowing investors as the S&P soars. Meanwhile, Meta’s AI push, even with slower-than-expected agent progress, is set to burn cash and power ad revenue. Wood’s also loading up on SpaceX and Coinbase while trimming AMD—showing she’s…
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