
Cathie Wood Buys AI Chips, Sells Tesla

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Cathie Wood's ARK Invest is increasing investments in AI infrastructure and gene editing while reducing exposure to Tesla and other mature companies. Recent purchases include Advanced Micro Devices, Broadcom, and Taiwan Semiconductor Manufacturing, reflecting confidence in AI chip demand. ARK also invested in life sciences firms like Intellia Therapeutics and 10x Genomics, while selling over 86K shares of Tesla. The strategy emphasizes a shift towards next-generation technologies and automation, with a focus on robotaxis and autonomous trucking.
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