Cathie Wood buys $8.7 million of beaten-down AI stock
Cathie Wood, CEO of Ark Investment Management, is known for buying her favorite growth stocks during sharp pullbacks. That's exactly what she's doing with Tempus AI (TEM) after the healthcare technology stock tumbled 14% over the past week. In 2025, the flagship Ark Innovation ETF gained ...
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Read original at Yahoo Finance Cathie Wood, CEO of Ark Investment Management, has bought $8.7 million of Tempus AI stock after it tumbled 14% over the past week. Wood's flagship Ark Innovation ETF is down 4.87% this year, underperforming the S&P 500. She believes technological innovation, particularly AI, is having a deflationary impact on the economy.
Summarised by netranta from Yahoo Finance. Open the original for the full story.
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