Cathie Wood buys $2.5 million of tumbling megacap stock
By Celine Provini
Published on April 18, 2026.
Cathie Wood, head of Ark Investment Management, has made a significant move by purchasing shares of megacap tech company, NFLX, for $2.5 million. Wood's flagship Ark Innovation ETF (ARKK) is up 1.75% year to date, while the S&P 500 surged 4.1%. However, her style of dip-buying has resulted in losses in bearish markets. Wood focuses on high-tech companies such as artificial intelligence, blockchain, biomedical technology, and robotics. However, recent volatility has negatively impacted Wood's long-term gains. In a recent podcast, Wood stated that the global economy is not heading into a downturn but into a "great acceleration" driven by AI and other breakthrough technologies.
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