Posted 2/26/2024, 5:54:00 AM
Cathie Wood Sells TSMC Shares, Continues Cutting Nvidia Exposure Amid AI Stock Shakeup
- Cathie Wood sold shares of TSMC for the first time in over 2 years, continuing to cut exposure to Nvidia
- TSMC is the world's largest chipmaker and key supplier to Nvidia
- Wood was an early AI bull but has sold Nvidia shares in favor of less-hyped software stocks
- Ark's autonomous tech ETF has missed out on Nvidia's huge rally to a near $2 trillion valuation
- The sales come as the AI frenzy intensifies amid Nvidia's strong earnings