- Ark Invest's Cathie Wood says she wouldn't have sold her Nvidia stock if she knew it was going up.
- She previously called Nvidia a "check the box stock" with too much "hyperactivity."
Hindsight is 20/20 for Ark Invest's Cathie Wood, whose fund missed out on the Nvidia stock rally when it sold its position too early.
"Before selling NVDA in ARKK, had we known that the market was going to reward it and the other Mag 6 stocks to the exclusion of stocks that will be the prime beneficiaries of AI, like TSLA - the largest AI project earth - and multiomics names like RXRX, we would have held it," Wood said in an X post on Sunday.
Wood's post referred to four stocks via their ticket symbols — Nvidia, Ark Innovation ETF, Tesla, and Recursion Pharmaceuticals.
She also appeared to reference the "Magnificent Seven," a list of top tech companies that include Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.
A Nvidia spokesperson declined to comment to Business Insider.
Representatives for Wood didn't immediately respond to a request for comment from BI sent outside regular business hours.
Before selling NVDA in ARKK, had we known that the market was going to reward it and the other Mag 6 stocks to the exclusion of stocks that will be the prime beneficiaries of AI, like TSLA - the largest AI project earth - and multiomics names like RXRX, we would have held it.
— Cathie Wood (@CathieDWood) July 14, 2024
cr.
https://www.businessinsider.com/cathie-wood-would-have-held-nvidia-if-knew-going-up-2024-7
