Cathie Wood Makes Striking Switch Between AI Stock Giants

This article first appeared on GuruFocus. Cathie Wood's Ark Invest made a sharp rotation across technology and biotechnology stocks last week, buying roughly $28 million of Meta Platforms (NASDAQ:META) while selling a nearly identical dollar amount of Alphabet (NASDAQ:GOOGL). The moves suggest Ark is becoming more selective inside artificial intelligence even as it increases exposure to speculative gene-editing companies and other high-growth themes. Warning! GuruFocus has detected 8 Warning Signs with TXG. Is TXG fairly valued? Test your thesis with our free DCF calculator.TXG GF Value chart Meta was Ark's largest technology purchase, with the firm buying about 43,000 shares worth roughly $28 million.