Cathie Wood sells $28.7 million of megacap tech stock

Biztoc.com - 12 September 2026

Cathie Wood sells $28.7 million of megacap tech stock

Cathie Wood, chief of Ark Investment Management, often shifts money between her favorite tech stocks. This week she sold $28.7 million of Alphabet while pouring money into Meta Platforms, as the Facebook parent pushes deeper into AI. Last year, her flagship A…

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