Cathie Wood Is Piling On Chip Stocks Amid Recent Market Correction — Continues To Sell Tesla Shares

Cathie Wood-led ARK Investment Management bought over $3.8 million in chip stocks on Monday as the market witnessed some correction in recent times.

Funds operated by ARK bought over 18,500 shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) at an estimated valuation of close to $2 million based on Monday’s closing price. Similarly, ARK purchased over 18,000 shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) at an estimated valuation of over $1.8 million.