Cathie Wood, head of Ark Investment Management, is known for making bold bets — but she’s not afraid to change course when the market proves her wrong. That’s what she did this week. She unloaded a tech stock that tumbled nearly 50% last year.

Cathie Wood bought shares of AMD, Toast, and Shopify on Tuesday. AMD hit a new 52-week low after posting mixed quarterly results last week. Toast shares have soared 108% over the past year, and the eatery tech specialist has a critical earnings report on the menu for next week.

Cathie Wood’s comeback could continue through the year as most of her Ark Invest funds come roaring back alongside the tech trade. Though her broad basket of Ark funds hasn’t been as booming as your run-of-the-mill tech-centric index ETF (exchange-traded funds),

On Monday, February 10, 2025, the Cathie Wood-led Ark Invest sold nearly $16 million worth of Palantir shares amid a spike in the share price of the company.