Cathie Wood buys $2.1M of tumbling AI stock

ARK Invest’s Cathie Wood has acquired $2.1 million worth of shares in an unnamed AI-focused stock, according to coverage from *thestreet.com*. The move follows recent portfolio adjustments, including the sale of AMD stock and purchases in Tesla, SoFi, and Kratos Defense. Wood’s strategy appears to target discounted assets, with multiple outlets noting her focus on bargain-hunting opportunities.

Coverage emphasizes Wood’s continued activity in high-growth sectors despite broader market corrections. *The Motley Fool*, *TradingView*, and *Yahoo Finance* highlight her selective buying, including Tesla and SoFi, while *Investing.com* notes the shift from AMD to Kratos Defense. The purchases align with ARK’s long-standing focus on disruptive technologies, though specifics on the AI stock remain undisclosed. Watch for further details on the AI stock’s identity and Wood’s rationale for the acquisition.

Market reactions to ARK’s moves—particularly in Tesla and Kratos—may offer clues about her confidence in recovery or long-term trends. Analysts could also scrutinize whether this signals a broader shift in ARK’s sector allocations.