Cathie Wood Makes $64 Million Bet on Two Stocks

This article first appeared on GuruFocus. Cathie Wood's Ark Invest made a fresh round of high-conviction bets last week, adding heavily to Meta Platforms (NASDAQ:META) and Rocket Lab (NASDAQ:RKLB) while cutting exposure to several technology and biotechnology names. The biggest purchase was Meta. Ark bought more than 51,000 shares worth about $38.2 million, making the social-media giant its largest disclosed addition for the week. Warning! GuruFocus has detected 3 Warning Signs with RKLB. Is RKLB fairly valued? Test your thesis with our free DCF calculator.RKLB GF Value chart Ark also bought roughly 360,000 Rocket Lab shares valued at about $25.9 million, reinforcing its exposure to the space sector. The buying extended beyond technology.