Cathie Wood Invests $18.7 Million in Troubled Tech Stock Amid Bullish Outlook

Cathie Wood's Ark Invest has added $18.7 million to a troubled megacap tech stock, despite controversy and market swings. Wood's funds have experienced a volatile ride this year, but are now gaining momentum, with the flagship Ark Innovation ETF up 25.5% year-to-date. Wood's strategy focuses on emerging high-tech companies in fields such as AI, blockchain, and biomedicine, despite their volatility leading to major fluctuations in Ark funds' values.