Cathie Wood buys $53 million of popular semiconductor stock
Cathie Wood's Ark Investment Management bought $53 million of Nvidia (NVDA) stock after its earnings report. Nvidia's Q2 revenue and earnings exceeded estimates, with guidance for 70% revenue growth in fiscal 2028. Analysts remain bullish, with JPMorgan and Bank of America raising price targets. Wood also traded other tech stocks, including Broadcom (AVGO) and AMD (AMD).


