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Cathie Wood’s Strategic Buys: AMD, ABNB, and FIG Amid Market Rally
Cathie Wood’s Strategic Buys: AMD, ABNB, and FIG Amid Market Rally
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BTCCSquare news:
Cathie Wood's Ark Invest continues its winning streak, with its flagship ETF surging 77% over the past year. The investment firm doubled down on three growth stocks this week—Advanced Micro Devices (AMD), Airbnb (ABNB), and Figure Technologies (FIG)—signaling confidence in their long-term potential.
AMD's rollercoaster performance belies its strategic positioning in the AI boom. Despite a 5% annual gain lagging the broader market, the chipmaker's GPUs and CPUs remain critical for data centers powering generative AI workloads. "There's room for more than one winner in this race," Wood seems to be betting, as demand for AI infrastructure outpaces supply.
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