
Cathie Wood says ARK dumped Nvidia shares before 160% surge because it’s ‘just pivoting’ to other A.I. plays
Cathie Wooden defended her agency’s determination to bail on Nvidia Corp. earlier than the chipmaker’s shares surged 160%, saying the computer-chip business’s boom-bust cycle poses dangers. Wooden’s flagship ARK Innovation ETF (ticker ARKK) lower its holding in Nvidia in January and missed out on a lot of the rally that added greater than half a trillion {dollars}…