Cathie Wood ranks among the biggest cheerleaders for (NASDAQ: TSLA) you'll find. She predicted earlier this year that the electric vehicle (EV) stock could hit $2,000 per share by 2027. That's roughly 6.4 times Tesla's current price.

It might be surprising, therefore, that Wood isn't buying more Tesla shares. Instead, her Ark Invest exchange-traded funds (ETFs) sold off around $21 million of the stock only hours before Tesla reported its second-quarter earnings and the subsequent dip in its share price.

Now, though, Wood is scooping up shares of another magnificent growth stock. Let's see why.

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Source Fool.com