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Recently, Cathie Wood of Ark Invest made some strategic moves by buying up shares of Tesla and CrowdStrike after their recent pullbacks. This innovative investor doubled down on her favorite tech stocks, adding 33,143 shares of Tesla to the ARK Next Generation Internet ETF (ARKW). Despite Tesla’s 12% drop in the previous session due to missed earnings expectations, Wood remains bullish on the company’s potential, with a price target of $2,600 by 2029, valuing Tesla at over $8 trillion.
In addition to her Tesla purchase, Wood also seized the opportunity to buy shares of CrowdStrike during a global outage that affected millions of Microsoft Windows devices. Ark Invest purchased 38,595 shares of the cybersecurity software company on Friday and another 20,219 shares on Monday. Despite the double-digit drops in the stock price, Wood sees the potential in CrowdStrike and remains confident in its future growth.
While Wood has faced challenges this year with underperformance and investor outflows, she remains committed to investing in disruptive innovation. At Extreme Investor Network, we understand the importance of staying up-to-date on the latest market trends and opportunities. Trust us to bring you the latest insights and strategies to help you navigate the ever-changing investment landscape with confidence. Stay tuned for more exclusive content from the Extreme Investor Network and take your investment game to the next level.