Cathie Wood Is Buying These Top Growth Stocks -- and Both Could Make You Rich Over Time
Cathie Wood's Ark Invest does things a little differently than most exchange-traded fund (ETF) and mutual fund managers. Every day, Wood publishes the stocks Ark bought and sold for each of its funds in the previous day's session, giving investors a lot of insight into what she and her team see as the biggest opportunities.
While there have been dozens of stock purchases and sales in Ark's ETF portfolios so far this month alone, two recent buys stand out for their opportunities and ambitions in the rapidly evolving metaverse and artificial intelligence (AI) industries. Here's what they are and why they could be big winners if they can execute on their respective visions.
Wood recently added to the Ark Innovation ETF's (NYSEMKT: ARKK) position in gaming platform Roblox (NYSE: RBLX) -- that stock now makes up about 3% of the ETF's portfolio. However, calling Roblox a gaming platform doesn't really do it justice. There are 65 million active users on the platform, and over 4 million developers earned money on Roblox in 2022.
Source Fool.com
