1 Super Artificial Intelligence (AI) Stock Cathie Wood Has Been Buying That Isn't Done Soaring Yet
Cathie Wood, the CEO of investment management firm Ark Invest, is a widely followed figure on Wall Street thanks to her focus on companies capable of disruptive innovation.
The firm's flagship ARK Innovation ETF has delivered a solid 28% gain year to date, and her recent moves indicate she is setting the fund up for continued success in the long run. Ark has been buying shares of The Trade Desk (NASDAQ: TTD), an advertising technology (adtech) provider that has climbed 70% so far in 2023.
Wood's fund purchased 88,000 shares of The Trade Desk in the second quarter of 2023. The buying has continued in the current quarter as ARK Invest's stake in the company now stands at about 170,000 shares.
Source Fool.com
