Cathie Wood's Ark Invest buys $52 million position in surging tech stock as ARKK trails S&P 500 in 2024
By
Silin Chen
2h ago· 6 min readenNews
Summary
Cathie Wood's Ark Investment Management initiated a position in a surging tech stock that rallied over 40% in the past month. While the flagship Ark Innovation ETF (ARKK) significantly outperformed the S&P 500 in 2025 (35.49% vs 17.88%), it has underperformed so far this year with only a 2.98% gain compared to the S&P 500's 9.57% return.
Source
bskyCathie Wood's Ark Invest buys $52 million position in surging tech stock as ARKK trails S&P 500 in 2024bit.lyKey quotes
· 3 pulledCathie Wood, chief of Ark Investment Management, is no stranger to buying into momentum.
In 2025, the flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500's return of 17.88% in the same period.
But so far this year, Wood's flagship Ark Innovation ETF (ARKK) is up 2.98%, trailing the S&P 500's gain of 9.57%.
Cathie Wood, chief of Ark Investment Management, is no stranger to buying into momentum.
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