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What made Cathie Wood sell Nvidia?

The Ark CEO discusses disruptive companies and why the 'old guard' doesn’t get it

Cathie Wood is quite comfortable being the iconoclast. In fact, she wouldn’t have it any other way. In fact, she probably is incapable of being otherwise. Unconventionally is how she thinks: it’s her brand and it’s also her meal ticket — particularly when her stock picks are working.

Wood, of course, was the face of the go-go market during Covid, when the share price of her flagship ARK Innovation ETF rose more than fourfold in less than a year (from early 2020 to early 2021), then came crashing back to earth; it’s now back up some this year.

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