Ark Invest Buys Tech Stocks

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Ark Invests

Fortune

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Cathie Wood buys falling tech stocks, anticipating a market rebound

Summary

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81% Informative

Cathie Wood's firm Ark Invest bought shares in tech companies whose shares tumbled over the past month .

The slump in tech stocks coincided with, or some might say led to, a global selloff across equities.

Some investors fear it might just be a short recovery of falling stock prices.

Meanwhile the Republican ticket presents its own source of uncertainty. The vice presidential pick JD Vance is a former venture capitalist backed by influential tech names like Peter Thiel . However, former President Donald Trump has floated blanket tariffs on Chinese imports that would be crippling for some tech firms and already sent some stocks spiraling when he suggested Taiwan pay the U.S. for protection. “Especially with Trump I've never really seen behavior like this,” Kailas said. This story was originally featured on Fortune.com .

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semi-formal

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English

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not hateful