Posted 2/26/2024, 10:45:30 AM
Cathie Wood Sells Some TSMC and More Nvidia Stock, Rotating Away from AI and Chip High-Flyers
- Cathie Wood sold shares of TSMC for the first time in over 2 years and continued selling shares of Nvidia
- The sales come amidst a frenzy around AI and Nvidia stock hitting new highs, up 59% year-to-date
- Ark funds still hold about 222,000 TSMC shares but the stocks have dropped out of the top 10 holdings
- Wood sold Nvidia shares through 2022 while betting on less hyped software companies like UiPath and Twilio
- The Ark fund focusing on autonomous technology has missed out on Nvidia's huge rally to a near $2 trillion valuation