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Ark Invest bought $56M in big tech stocks, showing renewed confidence amid market swings.
Cathie Wood’s Ark Invest purchased $56 million worth of large-cap technology stocks, signaling renewed confidence in the sector amid recent market volatility.
The move, disclosed in a regulatory filing, marks a notable shift as the fund manager has previously expressed caution about tech valuations.
The specific companies involved were not detailed in the filing, but the purchase suggests growing optimism in megacap tech stocks.
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Ark Invest compró $56 millones en grandes acciones tecnológicas, mostrando una confianza renovada en medio de las oscilaciones del mercado.