Cathie Wood’s Ark Rekindles bet on Nvidia with first share purchase since August

Star stock picker Cathie Wood, head of Ark Invest, snapped up Nvidia shares on Thursday, signalling renewed conviction in the AI chipmaker after it delivered another strong earnings report and upbeat revenue outlook.

Ark Innovation exchange-traded fund, the firm’s flagship fund, bought about 93,400 Nvidia shares on the day, according to daily trading disclosures from ETF providers. Bloomberg data show it was Ark’s first Nvidia purchase since August 4.

Prior to the latest addition, Ark held more than 1.1 million Nvidia shares as of September 30.