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Cathie Wood Buys Cloudflare as ARK Invest Adds to Tech Losers

Broadcom logoBroadcom
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Cloudflare logoCloudflare
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Cerebras Systems logoCerebras Systems
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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.

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