Cathie Wood, chief executive officer and chief investment officer, Ark Invest, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California.
Patrick T. Fallon | AFP | Getty Images
Tuesday’s massive sell-off presented Cathie Wood an opportunity to scoop up more of her favorite innovation stocks.
“Innovation solves problems. We believe that truly disruptive innovation is priced in the global equity markets for roughly $8 trillion, and we believe that $8 trillion is going to scale to over $200 trillion in the next eight to 10 years.” -Cathie Wood
The popular investor added stocks for five of her exchange-traded funds Tuesday, when the S&P 500 suffered its worst day of 2022 with a 4.3% drop.
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