Cathie Wood buys $52 million of surging tech stock

Cathie Wood, main of Ark Investment Management, is nary alien to buying into momentum.

That's what she did successful the past week, initiating a presumption successful a tech banal that has rallied much than 40% implicit the past month.

In 2025, the flagship Ark Innovation ETF gained 35.49%, acold outpacing the S&P 500's instrumentality of 17.88% successful the aforesaid period. But truthful acold this year, Wood's flagship Ark Innovation ETF (ARKK) is up 2.98%, trailing the S&P 500's summation of 9.57%, Yahoo Finance information shows.

Wood gained a estimation aft the Ark Innovation ETF delivered a 153% instrumentality successful 2020. However, her benignant besides brings achy losses successful bearish markets, arsenic seen successful 2022, erstwhile the Ark Innovation ETF tumbled much than 60%.

Those swings person weighed connected Wood's semipermanent gains. As of June 18, the Ark Innovation ETF has delivered a five-year annualized instrumentality of -7.42%, portion the S&P 500 has an annualized instrumentality of 12.48% implicit the aforesaid period, according to information from Morningstar.

Cathie Wood flags "the deflationary impact" of tech innovation

Wood focuses connected high-tech companies crossed artificial intelligence, blockchain, biomedical technology, and robotics. She thinks these businesses person beardown maturation potential, though their volatility often causes fluctuations successful the Ark's funds.

According to Morningstar expert Bella Albrecht, 2 of Wood's Ark funds were among the worst-performing ETFs successful the archetypal 4th of 2026. The Ark Next Generation Internet ETF (ARKW) ranked 2nd connected the list, portion the ARK Innovation ETF placed fifth.

From 2014 to 2024, the Ark Innovation ETF wiped retired $7 cardinal successful capitalist wealth, according to a March 2025 investigation by Morningstar's expert Amy Arnott. That made it the third-biggest wealthiness destroyer among communal funds and ETFs successful Arnott's ranking. The expert hasn't updated her ranking.

Wood believes investors person been focusing connected the incorrect signals arsenic they measure the outlook for inflation, involvement rates, and stocks.

In a June 5 station connected X, the ARK Invest laminitis said the enslaved marketplace is progressively reflecting the deflationary interaction of technological innovation, peculiarly artificial intelligence, alternatively than the ostentation risks galore investors inactive fear.

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Wood pointed to the continued flattening of the Treasury output curve contempt a crisp emergence successful lipid prices implicit the past year. In erstwhile cycles, she noted, an vigor daze of that magnitude would person pushed semipermanent yields higher. 

Wood believes the enslaved marketplace is "discounting thing overmuch much powerful: the deflationary interaction of technological innovation, peculiarly artificial intelligence, which is opening to summation productivity crossed wide swaths of the economy.
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