Tech investor Cathie Wood shot to fame for her winning stock picks. But the hype around her is fading.
Fast forward a few years later, and Wood's hype has lost some steam.
Sure, there are still some Wood fans out there, with forums on Reddit dedicated to her followers. But the tech investor is not without her critics too.Wood's reputation for sound investing acumen took a huge hit this week after the famed money manager lost out on some big gains she would have made on Nvidia shares.
Ark sold nearly 1 million shares of the Santa Clara-based chipmaker in the months before Nvidia's stock exploded, surging more than 160% thanks to the craze around artificial-intelligence companies. Today, the investment firm holds just 390,000 shares across its next-generation ETFs.
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