Cathie Wood Is Buying Tons of This Hot Artificial Intelligence (AI) Stock, and It Might Surprise You
Famed growth investor Cathie Wood loves to invest in disruptive tech stocks, and investors love to see what's on her investing plate. Sometimes, it's her tried-and-true picks like and Teladoc Health, and sometimes it's an under-the-radar initial public offering (IPO) stock like Tempus AI.
One stock you don't usually see in Ark Invest's picks is Amazon (NASDAQ: AMZN). But Cathie Wood's investment firm was buying shares last week like they were going out of style. Let's see why Amazon might be looking attractive to her right now.
This isn't the first time Cathie Wood has bought Amazon stock. She's held it for years in several of her exchange-traded funds (ETFs). Her recent typical picks are the riskier, highly disruptive type, but Amazon caught her attention last week.
Source Fool.com
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