High-profile fund manager Cathie Wood’s ARK Investment Management has increased holdings of e-commerce company
Shopify
and shed chip maker
Nvidia
the group said in a statement.
ARK snapped up about $35 million worth of Shopify shares. The stock has dropped this week after investors were disappointed with the outlook the e-commerce company gave for the first quarter. However, it also posted strong fourth-quarter results.
Source: https://www.barrons.com/articles/cathie-wood-ark-buy-shopify-sell-nvidia-stock-929b799b?siteid=yhoof2&yptr=yahoo