Cathie Wood Invests in Amazon AI

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The Motley Fool

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Famed growth investor Cathie Wood bought Amazon stock last week. Here's why

Summary

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68% Informative

Cathie Wood loves to invest in disruptive tech stocks, but Amazon caught her attention last week .

Wood's investment firm Ark Invest was buying shares last week like they were going out of style.

It's trading near its lowest valuation in 10 years and well below recent averages.

Amazon has tons of opportunities in e-commerce, advertising, streaming, healthcare and more.

Stock Advisor returns as of August 12, 2024 John Mackey , former CEO of Whole Foods Market , an Amazon subsidiary, is a member of The Motley Fool's board of directors. Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon , Nvidia , Teladoc Health , and Tesla . The Motley Fool has a disclosure policy. Cathie Wood Is Buying Tons of This Hot Artificial Intelligence (AI) Stock, and It Might Surprise You was originally published by The Motley Fool .