Cathie Wood Mops Up $8.1M Worth Of Zoom Stock After Q2 Earnings Beat, Sells Nvidia Shares In Excess Of $1M

Cathie Wood-led Ark Invest made significant trades on Tuesday, including a noteworthy move involving Zoom Video Communications (NASDAQ:ZM) and Nvidia Corporation (NASDAQ:NVDA).

The Zoom trade took center stage, with Ark Invest purchasing $8.1 million worth of Zoom shares, based on Tuesday’s closing price of $65.83. Ark Invest purchased 122,831 shares of the company through ARK Innovation ETF (NYSE:ARKK) and ARK Next Generation Internet ETF (NYSE:ARKW).