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Cathie Wood Watch: Ark Piles Into Nvidia, Buys an AI Biotech

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Renowned investor Cathie Wood, chief govt of Ark Investment Management, for a second day purchased huge into one of many world’s largest semiconductor makers after staying away from it for at the very least a number of months.

Ark on May 27 additionally bought shares in a biotechnology firm that mixes molecular biology, information science, automation, and genomics to design molecules, microbes and supplies.

Wood purchased and bought another acquainted names, too. All valuations beneath are as of Friday’s shut.

The chip firm is graphics-processing specialist Nvidia,  (NVDA) – Get NVIDIA Corporation Report. Ark funds snagged 361,995 shares of it, valued at $68.1 million. Nvidia has slid 37% yr thus far.

Source: www.thestreet.com

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