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Cathie Wood's Ark Invest hasn't had a great year so far. Of the firm's seven exchange-traded funds (ETFs), only the Ark Genomic Revolution ETF has outperformed the market. The flagship Ark Innovation ETF (NYSEMKT: ARKK) is slightly trailing the S&P 500's 13% year-to-date gain, up just 11.8% at the time of writing.
Still, Ark founder and Chief Executive Officer Cathie Wood continues to hold stakes in companies positioned to ride the artificial intelligence (AI) boom. In late August, several Ark ETFs added shares of Nvidia (NASDAQ: NVDA), Cerebras Systems (NASDAQ: CBRS), and Broadcom (NASDAQ: AVGO).
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Nvidia remains Ark Invest's largest chip-stock holding across its ETFs. On Aug. 28, Ark Invest bought roughly $55 million worth of Nvidia across five funds.