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      Cathie Wood (Sister Wood) Adds $27.9 Million in Meta Stock

      PANews, September 14 — According to Sina Finance, ARK Investment Management head Cathie Wood, nicknamed "Sister Wood", purchased $27.9 million worth of Meta stock last week, betting on the company's continued deep investment in artificial intelligence. Wood focuses on high-tech sectors such as artificial intelligence, blockchain, biomedical technology, and robotics. She believes these companies have strong growth potential, but high stock volatility can also cause sharp fluctuations in ARK fund net values.

      ARK's daily trading data shows that on September 9, Wood's ARK funds bought a total of 43,091 Meta shares, with a market value of about $27.9 million. At the same time, Wood sold a total of 86,531 shares of Google parent company Alphabet on September 9 and 11, valued at approximately $28.7 million. Over the past week, Meta launched the Muse AI personal AI assistant. Market sentiment was high, and the stock rose over 6%.


      Source: PANews
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