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Stock impact report

Cathie Wood buys $2 million of tumbling AI stock [Yahoo! Finance]

Tempus AI, Inc. - Class A (TEM) 
Company Research Source: Yahoo! Finance
Cathie Wood , chief of Ark Investment Management, doesn't give up on her favorite stocks easily. That's what she just did, buying one of her top holdings that's down 15% year-to-date. Wood gained a reputation after the flagship Ark Innovation ETF ARKK ) delivered a 153% return in 2020. Last year, the fund gained 35.5%, far outpacing the S&P 500 's return of 17.9% in the same period. But her style also brings painful losses in bearish markets, as seen in 2022, when the Ark Innovation ETF tumbled more than 60%. As of March 13, the Ark Innovation ETF was down nearly 10% year to date, while the S&P 500 dropped 3%, Yahoo Finance data shows Those swings have weighed on Wood's long-term gains. The Ark Innovation ETF has delivered a five-year annualized return of -11% as of writing, while the S&P 500 has an annualized return of 12.6% over the same period, according to data from Morningstar In the 12 months through March 12, the Ark Innovation ETF saw roughly $1.45 billion in net Show less Read more
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