Cathie Wood Goes Bargain Hunting: 3 Stocks She Bought Last Week
Thursday's drop was historic. The popular growth investor went shopping.
Ark Invest's Cathie Wood made several stock purchases last week, adding to her existing holdings in Nvidia, MercadoLibre, and Advanced Micro Devices (AMD) as the market experienced its biggest single-day decline in over 19 months. Nvidia, an artificial intelligence bellwether, saw a 9% drop during the market downturn, but Wood believes this could present a buying opportunity due to ongoing demand for its AI chips.
The artificial intelligence specialist's shares have fallen 23% since last month's all-time high, but Wood sees this as temporary. AMD, which surrendered 17% of its value during the market decline, has more than doubled in 2026 and is expected to grow faster than Nvidia next year. Finally, Wood added to her stake in MercadoLibre, a Latin American e-commerce and fintech leader, which fell 12% during the market sell-off.
Despite mixed third-quarter results, Wood sees potential in MercadoLibre's trailing P/E ratio, which is the cheapest it has been in over a decade if current earnings estimates hold.
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