ARKK: Cathie Wood Invests $22.8M in Tech Stock with 14.8% Surge

Cathie Wood, CEO of Ark Investment Management, purchased $22.8 million in a tech stock that has risen 14.8% in the last five days. Wood's Ark Innovation ETF (ARKK) has gained 3.05% year-to-date, compared to the S&P 500's 10.66% increase as of July 10. The ETF has returned -8.42% annually over the past five years, while the S&P 500 gained 11.63%. This investment illustrates Wood's focus on high-growth tech stocks, indicating potential opportunities in the tech sector for ordinary investors.