Cathie Wood Doubles Down on Nvidia | Raleigh News

Cathie Wood is betting big on Nvidia again, adding $53 million to her portfolio right after the chipmaker’s earnings drop — a move that underscores her conviction in AI-driven growth. Known for buying tech stocks when they dip, Wood’s strategy has delivered jaw-dropping returns like 153% in 2020 but also steep losses, including a 60% plunge in 2022. Despite market skepticism and recent investor outflows from her Ark Innovation ETF, she remains bullish, arguing that AI adoption will boost margins and outperform even in tough economies. Nvidia’s strong earnings and revenue outlook keep analysts optimistic — though rising costs and competition loom as potential headwinds.

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