Cathie Wood Is Doubling Down on This AI Stock During the Sell-Off

Cathie Wood, founder and CEO of Ark Invest, is increasing exposure to CoreWeave (CRWV), betting on the AI infrastructure provider after a sharp sell-off. Ark’s ARK Innovation ETF (ARKK) added more than 100,000 shares in recent weeks, and Wood bought $811,600 of CoreWeave shares on July 8, following a $2 million purchase on July 7. She also bought $6.5 million worth on June 29, leaving ARKK with about 1.6 million shares valued at roughly $146 million, or 2.2% of its $6.5 billion portfolio. CoreWeave’s stock fell 23% since June 18, when it traded around $118, to about $90 per share. The company is growing fast—Q1 revenue rose 114% year over year to $2.1 billion—yet investors are focused on heavy capex, $35 billion in debt, and ongoing losses.