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

Cathie Wood's Strategic Move from ARK Innovation ETF

Cathie Wood's ARK Innovation ETF has bought shares of Nvidia Corp., showcasing her optimistic outlook on Nvidia, a leader in the chip market.

Recent Purchase Details

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

Comparison with Nasdaq 100

The ARK Innovation ETF has fallen over 20% since its peak levels last October, lagging behind the Nasdaq 100 Index, which experienced a loss of only 4.3% during the same period.

Previous Share Amount and Market Analysis

According to Bloomberg data, prior to the purchase, ARK Investment held 1.1 million shares of Nvidia as of September 30. This data can be seen as part of ARK's long-term investment plan.