ARK Innovation ETF purchased Nvidia shares for the first time since August.

Cathie Wood's Strategic Move from ARK Innovation ETF

Cathie Wood's managed ARK Innovation ETF has showcased its optimistic view on Nvidia by purchasing shares of Nvidia Corp..

Details of the Recent Purchase

On Thursday, this actively managed exchange-traded fund based in the U.S. purchased 93,374 shares of Nvidia, updating its investment strategy. This purchase indicates that no ARK fund had bought Nvidia shares since August 4.

Comparison with Nasdaq 100

ARK Innovation ETF has lagged behind the Nasdaq 100 Index, experiencing a decline of more than 20% since its peak levels last October. During the same period, the tech-heavy index only faced a loss of 4.3%.

Previous Share Amount and Market Analysis

According to Bloomberg data, prior to the purchase, ARK Investment held 1.1 million shares of Nvidia, the world's most valuable company, as of September 30. This data can be viewed as part of ARK's long-term investment strategy.