Cathie Wood Buys Cloudflare as ARK Invest Adds to Tech Losers
Cathie Wood’s ARK Invest bought about $13.3 million of Cloudflare shares over Aug. 27–28, adding the stock as it traded well below recent peaks after a sharp drop two weeks earlier. The purchases were part of a broader tech selloff in semiconductor and AI names tied to concerns about financing, margins, and valuation, reflecting Wood’s contrarian buying approach during downturns.