Cathie Wood, the prominent investor behind ARK Invest, has made headlines by selling shares of Taiwan Semiconductor Manufacturing Company (TSMC) for the first time in over two years. This move is part of a broader strategy to reduce her holdings in the chipmaker, which is a key supplier to Nvidia. The sale comes amid a frenzy in Nvidia's stock, with Wood's decision to cut her TSMC stake drawing significant attention. Additionally, Wood is scheduled to speak at the Nvidia GTC conference in two weeks, further highlighting her involvement with the tech giants. This strategic shift in her investment portfolio is being closely watched, especially considering her influential role in the tech investment sphere. TSMC's stock was up 0.7% in pre-market trading following the news.
On our latest podcast: @CarolineHydeTV and @EdLudlow look at why Cathie Wood is selling into the Nvidia frenzy by cutting her TSMC stake. Plus, the Supreme Court hears challenges on two laws aiming to prevent social media platforms from "censoring" posts https://t.co/2JTxWn2Bmh
🍿 Cathie Wood speaking at @NVIDIAGTC conference in two weeks. @Nvidia $NVDA https://t.co/1pc6jTqhoS https://t.co/NjPiDKnjEF
Morning Wood: ARK Trims Nvidia Stake Further, Cuts TSMC Position https://t.co/KCXDUdmHnh
Cathie Wood sold shares of TSMC for the first time in more than 2 years, adding to moves to cut exposure in the chipmaker’s key customer Nvidia https://t.co/N9Eq6tLlXP https://t.co/LQjhnUebLS
$TSM (+0.7% pre) Cathie Wood Sells Into Nvidia Frenzy Again, Cuts TSMC Stake - BBG https://t.co/ji9Spa2Pne
Cathie Wood sold shares of TSMC for the first time in more than two years, adding to its moves to cut exposure in the chipmaker’s key customer Nvidia https://t.co/TImGiBBe9z