Cathie Wood sells $40.6M semiconductor stock amidst market pullback

AI Summary

Cathie Wood sold $40.6 million worth of semiconductor stock during a market drop on May 15, when the iShares Semiconductor ETF (SOXX) fell approximately 4%. In 2025, her Ark Innovation ETF (ARKK) gained 35.49%, outperforming the S&P 500's 17.88% return, though it's down 3.81% this year compared to the S&P's gain of over 8%. Over the last five years, ARKK has delivered an annualized return of -6.25%, whereas the S&P 500 has returned 13.80%. Wood’s investment strategy targets high-tech firms, indicating potential volatility but also growth opportunities.