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Cathie Wood Splashes USD75M+ Aggressively Buying Tech Stocks Incl. Tesla
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On Monday, March 10, the U.S. stock market cascaded, prompting Cathie Wood’s ARK Investment to invest more than USD75 million in a bold buying spree targeting technology-related stocks, including Tesla (TSLA.US). According to data, ARK increased its holdings by 79,318 shares of Tesla, amounting to USD20.8345 million; acquired 64,358 shares of Coinbase (COIN.US) for USD13.9946 million; boosted its position by 147,551 shares of Advanced Micro Devices (AMD.US) for USD14.8008 million; added 485,005 shares of Beam Therapeutics (BEAM.US) valued at USD13.8129 million; and purchased 269,864 shares of Robinhood Markets (HOOD.US) for USD11.9874 million. Cathie Wood assumed the current market turbulence marks the final stage of a rolling recession, foreseeing that the U.S. will experience a deflationary boom in 2H25. AAStocks Financial News |
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