Business

⚡Cathie Wood Boosts AI Bet With USD 55 Million CoreWeave Purchase Amid Market Slump

By Kalpesh Sharma

Cathie Wood has invested over USD 55 million in AI cloud firm CoreWeave, treating a 50% stock price drop as a major buying opportunity. Despite CoreWeave's USD 1.17 billion loss and ARKK's year-to-date decline, Wood is prioritizing the company’s 168% revenue growth and its strategic ties to Nvidia. This move is part of Wood's broader "great acceleration" thesis.

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