Cathie Wood Dodged Nvidia Stock Before Its Enormous Surge: Is This a Warning for Investors?
Cathie Wood has made a name for herself by investing in innovative companies. Her Ark Invest exchange-traded funds (ETFs) have ranked among the top performers in the past.
However, Wood's reputation as a premier stock picker seems to have taken a hit recently. As a case in point, she dodged Nvidia (NASDAQ: NVDA) stock before its enormous surge this year. Is this a warning for investors considering buying her Ark Invest ETFs?
Ark Invest used to own a much greater stake in Nvidia. But in the months before the chip stock skyrocketed, Wood's investment firm sold nearly 1 million shares. That decision proved to be a costly one: Ark Invest's shareholders missed out on over $200 million in gains.
Source Fool.com
