Latest news with #ArkInnovation
Miami Herald
12-07-2025
- Business
- Miami Herald
Cathie Wood buys $18.7 million of troubled megacap tech stock
Cathie Wood doesn't easily walk away from the companies she believes in. The Ark Invest founder has a habit of sticking with tech stocks she sees as shaping the future. Even when these names face controversy, Wood often leans in rather than pulling back. This is what she just did, adding to a high-profile tech stock that's been under pressure, caught in headlines and market swings. Wood's funds have experienced a volatile ride this year, swinging from sharp losses to strong gains. Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter In January and February, the Ark funds rallied as investors bet on the Trump administration's potential deregulation that could benefit Wood's tech bets. But the momentum hit a wall in March and April, with the funds trailing the market as top holdings slid amid growing concerns over the macroeconomy and trade policies. Now, the fund is regaining momentum. As of July 11, the flagship Ark Innovation ETF (ARKK) is up 25.5% year-to-date, far outpacing the S&P 500's 6.4% gain. Wood's remarkable return of 153% in 2020 helped build her reputation and attract loyal investors. Her strategy can lead to sharp gains during bull markets but also painful losses, like in 2022, when ARKK dropped more than 60%. As of July 11, Ark Innovation ETF, with $6.8 billion under management, has delivered a five-year annualized return of negative 1.7%. The S&P 500 has an annualized return of 16.2% over the same period. Wood's investment strategy is straightforward: Her Ark ETFs typically buy shares in emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology, and robotics. According to Wood, these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' values. Related: Cathie Wood's net worth: The Ark Invest CEO's wealth & income The Ark Innovation ETF wiped out $7 billion in investor wealth over the 10 years ending in 2024, according to an analysis by Morningstar's analyst Amy Arnott. That made it the third-biggest wealth destroyer among mutual funds and ETFs in Arnott's ranking. Wood recently said the U.S. is coming out of a three-year "rolling recession" and heading into a productivity-led recovery that could trigger a broader bull market. In a letter to investors published in late April, she dismissed predictions of a recession dragging into 2026 and struck an optimistic tone for tech stocks. "During the current turbulent transition in the U.S., we think consumers and businesses are likely to accelerate the shift to technologically enabled innovation platforms including artificial intelligence, robotics, energy storage, blockchain technology, and multiomics sequencing," she said. But not all investors share this optimism. Over the past 12 months through July 10, the Ark Innovation ETF saw nearly $2 billion in net outflows, according to ETF research firm VettaFi. On July 11, Wood's Ark funds bought 59,705 shares of Tesla Inc. (TSLA) . That chunk of stocks is worth roughly $18.7 million. Wood has been a longtime supporter of Tesla and still believes in the stock, even after a sharp drop following CEO Elon Musk's recent announcement about launching a new political party. Related: Jim Cramer drops blunt 6-word message on Nvidia stock Tesla sales have dropped in key markets like Europe and China, as Musk faced political pushback and alienated some car buyers in key markets. "We've been dealing with controversy around Elon Musk in one form or another since we first bought the stock," Wood said in a recent interview with Bloomberg. "We do trust the board and the board's instincts here and we stay out of politics." She also noted that Musk seems more focused on the business again, especially after he decided to take charge of sales in the U.S. and Europe. "One of the announcements Elon made recently is that he is going to oversee sales in the U.S. and in Europe," Wood said. "When he puts his mind on something, he usually gets the job done. So I think he's much less distracted now than he was, let's say, in the White House 24/7." Meanwhile, Tesla is entering the India market, with its first showroom in Mumbai next week. Tesla will need to pay about 70% import duty fees, as it does not want to produce cars in India, according to Reuters. More Tesla: Tesla robotaxi launch hits major speed bumpTesla claims rival startup is built on stolen trade secrets10,000 people join Tesla class action lawsuit over key issue Back in March, Wood predicted Tesla's stock would reach $2,600 in five years, which is nearly nine times higher than where it trades now. Much of the optimism is driven by the company's highly anticipated Robotaxi, which Wood believes will account for 90% of the company's value over time. Tesla has long been Wood's top holding, accounting for 9.26% of the Ark Innovation ETF. The stock is down more than 22% year-to-date, the worst among the Magnificent 7 stocks. Related: Veteran analyst sends bold message on Palantir stock target The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
01-07-2025
- Business
- Yahoo
This Is The Only Stock Cathie Wood Bought on Monday
Cathie Wood bought shares of AMD on Monday, adding the semiconductor stock to some of her Ark Invest funds. Wood is riding higher this year, as the 24% year-to-date gain for her largest ETF is quadrupling the S&P 500's return. AMD isn't growing as quickly as Nvidia, but the rising AI tide is lifting all chips. 10 stocks we like better than Advanced Micro Devices › Cathie Wood has been particularly busy on the trading floor as the market has rallied. She's adding to some of her positions and pruning others. However, there was only one stock she was buying on the final trading day in June. The CEO, co-founder, and chief investment officer at Ark Invest added more shares of Advanced Micro Devices (NASDAQ: AMD) to three of her exchange-traded funds (ETFs). That was the only name on her buy list on Monday. Wood has hit a few rough patches since the blowout 2020 performance that put her family of aggressive growth ETFs on the map. She's in a good groove right now. Ark Innovation ETF (NYSEMKT: ARKK) -- her largest fund and one of the recipients of fresh AMD shares -- closed out the first half of the year with a 24% gain. That's more than quadruple the S&P 500's (SNPINDEX: ^GSPC) comparable 6% return through the first six months of 2025. Ark Invest was more active than usual as stock prices rallied through June. Wood pared back to trading in three stocks on Monday, and two of them were partial sells. Let's take a closer look at the lone buy, AMD. Ark Invest has been building up its stake in AMD in recent weeks. Wood is buying the maker of microprocessors and graphics processing units (GPUs) on the way up. Shares are lower than they were a year ago, but they've moved 17% higher in 2025, nearly tripling the market's return. AMD has been particularly buoyant lately, soaring 86% since bottoming out in early April. If AMD has nearly doubled in the past three months, only to climb just 17% over the past six months, you can imagine the big hole it has had to claw its way out of this year. AMD was a latecomer to the artificial intelligence (AI) revolution. Its revenue declined 4% in 2023. AI chip leader Nvidia (NASDAQ: NVDA) saw its business more than double in its comparable fiscal year. AMD has been gaining momentum on the data center outfitter bandwagon. Since the fiscal second quarter of 2023, when revenue clocked in with an 18% year-over-year slide, AMD's top-line growth has accelerated in all but one of seven subsequent quarters. The turnaround has culminated in a 36% jump in its latest quarter. It even hosted a well-received AI event last month, collecting several bullish analyst notes in the process. AMD is no Nvidia. The country's most valuable company by market cap saw its revenue skyrocket 69% for its latest fiscal quarter. However, there is obviously going to be more than just one winner as global demand for generative AI translates into a surge in demand. AMD stock plummeted through the first three months of this year for the same reasons Nvidia proved mortal. The initial downticks came when China's DeepSeek announced that it could deliver decent generative AI using older and cheaper secondhand Nvidia chips. That revelation sent shivers down the spines of every public AI player. The next big hit for AMD and its chip-churning peers was the rising trade war with China. Investors were understandably skittish when tariffs were announced. The fears have cautiously subsided for the most part, but AI chip specialists are still dealing with export restrictions into China. Nvidia already took a $4.5 billion inventory charge in its previous quarter, and it's modeling $8 billion in sales it will have to forgo in the current quarter. Smaller AMD is bracing investors for a $700 million hit. These are big numbers, but the stocks have rallied since early April as demand for high-tech GPUs is proving potent. The prospects are bright, even with the perhaps temporarily suppressed sales into the world's second most populous nation. AMD's strongest quarter in nearly three years was fueled by a 57% jump in its data center business to propel overall revenue growth of 36%. Operating income and adjusted earnings increased 57% and 55%, respectively. AMD's bottom-line surge is making the stock seem reasonably priced despite the 86% burst since April 8. AMD is trading for 37 times this year's projected earnings, dropping to a multiple just shy of 25 if we look out to next year. This isn't a traditionally cheap valuation, but it's not outlandish, with analysts forecasting a 48% earnings improvement for AMD next year. Wood has a lot of aggressive growth stocks in her ETF portfolios. It's worth noting when she buys only one stock. Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $722,181!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $968,402!* Now, it's worth noting Stock Advisor's total average return is 1,069% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Rick Munarriz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices. The Motley Fool has a disclosure policy. This Is The Only Stock Cathie Wood Bought on Monday was originally published by The Motley Fool
Miami Herald
30-06-2025
- Business
- Miami Herald
Cathie Wood buys $20.7 million of surging tech stock
Cathie Wood, head of Ark Investment Management, is doubling down on tech momentum. She often targets companies she believes have "disruptive" impacts on the future, and she's been especially vocal about artificial intelligence being a key force in markets today. This week, she poured more money into a tech stock that's been surging, partly driven by its growing use of AI tools to boost efficiency and growth. Wood's funds have experienced a volatile ride this year, swinging from sharp losses to strong gains. Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter In January and February, the Ark funds rallied as investors bet on the Trump administration's potential deregulation that could benefit Wood's tech bets. But the momentum faded in March and April, with the funds trailing the market as top holdings - especially Tesla, her biggest position - struggled amid growing concerns over the macroeconomy and trade policies. Now, the fund is regaining momentum. As of June 20, the flagship Ark Innovation ETF (ARKK) is up more than 21% year-to-date, far outpacing the S&P 500's 5% gain. Wood's remarkable return of 153% in 2020 helped build her reputation and attract loyal investors. Her strategy can lead to sharp gains during bull markets but also painful losses, like in 2022, when ARKK dropped more than 60%. As of June 27, Ark Innovation ETF, with $5.5 billion under management, has delivered a five-year annualized return of 0.75%. The S&P 500 has an annualized return of 17.22% over the same period. Wood's investment strategy is straightforward: Her Ark ETFs typically buy shares in emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology, and robotics. According to Wood, these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' values. Related: Cathie Wood's net worth: The Ark Invest CEO's wealth & income The Ark Innovation ETF wiped out $7 billion in investor wealth over the 10 years ending in 2024, according to an analysis by Morningstar's analyst Amy Arnott. That made it the third-biggest wealth destroyer among mutual funds and ETFs in Arnott's ranking. Wood recently said the U.S. is coming out of a three-year "rolling recession" and heading into a productivity-led recovery that could trigger a broader bull market. In a letter to investors published in late April, she dismissed predictions of a recession dragging into 2026 and struck an optimistic tone for tech stocks. "During the current turbulent transition in the U.S., we think consumers and businesses are likely to accelerate the shift to technologically enabled innovation platforms including artificial intelligence, robotics, energy storage, blockchain technology, and multiomics sequencing," she said. But not all investors echo this optimism. Over the past 12 months through June 26, the Ark Innovation ETF saw $2.1 billion in net outflows, with $231.4 million exiting the fund in the past month, according to ETF research firm VettaFi. From June 23 to 25, Wood's Ark funds bought 182,545 shares of Shopify Inc. (SHOP) . That chunk of stocks is worth $20.7 million as of June 27's close. Shopify is an Ottawa e-commerce platform provider that enables businesses to set up online stores. The stock peaked at $169 in November 2021, a surge during the Covid era when demand for e-commerce soared because of lockdowns. But it tumbled hard in 2022 as pandemic-fueled online shopping growth slowed and macroeconomic pressures increased. At one point in 2022, it traded for less than $30. Related: Cathie Wood buys $31.8 million of surging AI stock Earlier this year, Shopify had tumbled in a broad-based market sell-off associated with uncertainty and fear around Trump's trade tariffs. Now the stock is regaining traction, up 48% from its April low. In the past five trading days, the stock surged 6.8%. Wall Street analysts expect the company to maintain strong growth. In May, Shopify reported first-quarter revenue of $2.4 billion, up 27% from a year earlier. It was the eighth quarter in a row with revenue growth above 25%. Meanwhile, gross merchandise value (GMV) for the quarter rose 23%, slower than revenue. That suggests Shopify's services segment is expanding faster than its core business, potentially boosting profit margins, Chris MacDonald wrote on The Motley Fool. DA Davidson analyst Gil Luria recently raised Shopify's stock price target to $125 from $115 and kept a buy rating, reported on June 16. The firm looked into Shopify's merchant base and found that year-over-year growth has picked up. It also believes the business is proving more resilient than investors had expected. Shopify joined Nasdaq-100 Index starting May 19, replacing MongoDB (MDB) . In the same month, Shopify unveiled new AI tools that can help businesses to start and grow. "The Shopify Catalog lets select partners build AI shopping agents that can discover and showcase your products to millions of potential customers who are using conversational AI to shop," the company wrote. Fund manager buys and sells TheStreet Stocks & Markets Podcast #8: Common Sense Investing With David MillerVeteran fund manager reboots Palantir stock price targetCathie Wood sells $9.5 million of popular AI stocks after big rally Wells Fargo also raised its price target on Shopify to $125 from $107 and maintained its overweight rating after the AI announcement. The firm sees Shopify's AI tools as differentiated and believes they could become a key driver of growth and efficiency in the coming years. Shopify makes up about 4.59% of the ARK Innovation ETF, making it the fund's ninth-largest holding. The stock closed at $113.65 on June 27, up 6.5% year-to-date. Related: Top analyst sends bold message on S&P 500 The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Miami Herald
19-06-2025
- Business
- Miami Herald
Cathie Wood buys $18.5 million of popular AI stock
Cathie Wood, head of Ark Investment, often buys tech stocks she believes will have a disruptive impact on the future. Sometimes she chases stocks at high prices, believing their long-term potential outweighs short-term volatility. This is what she just did, adding shares of a popular AI stock nearing an all-time high on June 16. Wood's funds have experienced a volatile ride this year, swinging from strong gains to sharp losses and now back to outperforming the broader market. In January and February, the Ark funds rallied as investors bet on the Trump administration's potential deregulation that could benefit Wood's tech bets. But the momentum faded in March and April, with the funds trailing the market as top holdings-especially Tesla, her biggest position -slid amid growing concerns over the macroeconomy and trade policies. Related: Veteran analyst unveils bold price target for Tempus AI stock Now, the fund is regaining momentum. As of June 18, the flagship Ark Innovation ETF (ARKK) is up 15.9% year-to-date, outpacing the S&P 500's 1.9% gain. Wood had a remarkable gain of 153% in 2020, which helped build her reputation and attract loyal investors. Her strategy can lead to sharp gains during bull markets, but also painful losses, like in 2022 when ARKK dropped more than 60%. As of June 17, Ark Innovation ETF, with $5.5 billion under management, has delivered a five-year annualized return of negative 0.3%. The S&P 500 has an annualized return of 15.7% over the same period. Wood's investment strategy is straightforward: Her Ark ETFs typically buy shares in emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology, and robotics. Wood says these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' values. Related: Cathie Wood's net worth: The Ark Invest CEO's wealth & income The Ark Innovation ETF wiped out $7 billion in investor wealth over the 10 years ending in 2024, according to an analysis by Morningstar's analyst Amy Arnott. That made it the third-biggest wealth destroyer among mutual funds and ETFs in Arnott's ranking. Wood recently said the U.S. is coming out of a three-year "rolling recession" and heading into a productivity-led recovery that could trigger a broader bull market. In a letter to investors published in late April, she dismissed predictions of a recession dragging into 2026, as she expects "more clarity on tariffs, taxes, regulations, and interest rates over the next three to six months." "If the current tariff turmoil results in freer trade, as tariffs and non-tariff barriers come down in tandem with declines in other taxes, regulations, and interest rates, then real GDP growth and productivity should surprise on the high side of expectations at some point during the second half of this year," she wrote. She also struck an optimistic tone for tech stocks. "During the current turbulent transition in the US, we think consumers and businesses are likely to accelerate the shift to technologically enabled innovation platforms including artificial intelligence, robotics, energy storage, blockchain technology, and multiomics sequencing," she said. Not all investors share this optimism. Over the past year, the Ark Innovation ETF saw $2.4 billion in net outflows, with $275 million exiting the fund in just the past five days, according to ETF research firm VettaFi. On June 16, Wood's Ark Innovation ETF bought 128,163 shares of Nvidia (NVDA) . That chunk of stock was valued at roughly $18.5 million. Wood had previously sold all her Nvidia stake in 2022. She started buying Nvidia stock in early April amid a brutal sell-off caused by tariff tensions and tightened export restrictions on advanced chips. Related: Cathie Wood sells $9.5 million of popular AI stocks after big rally Since then, Wood has been gradually adding Nvidia shares as the stock rebounded after the U.S. and China agreed to temporarily slash tariffs on each other. Optimism also grew after the Trump administration scrapped the Biden-era AI diffusion rule, another export control on advanced AI chips. On May 28, Nvidia reported strong fiscal first-quarter results. Adjusted earnings of 96 cents per share on $44.06 billion in revenue for its fiscal first quarter surpassed Wall Street's expectations of 93 cents and $43.31 billion. However, the company forecasts revenue of $45 billion in the July quarter, missing analysts' projections by nearly $1 billion. The chipmaker noted that the figure would have been roughly $8 billion higher without the China export curbs. The war of technology is continuing. According to the Wall Street Journal, U.S. Commerce Department officials are considering new restrictions on advanced technology exports to China, including more limits on chip-making equipment sales. China remains a key market for Nvidia, accounting for 13% of its sales in the past financial year. If the world's two largest economies fail to reach a trade deal, it could hit Nvidia's bottom line. Nvidia's CEO Jensen Huang has long warned that export controls could hurt U.S. chipmakers and even threaten the country's position as the global leader in technology. "If we want the American technology stack to win around the world, then giving up 50% of the world's AI researchers is not sensible," Huang recently said on CNBC. "So long as all the AI developers are in China, you know, I think [the] China stack is going to win." More Nvidia: Analysts revamp forecast for Nvidia-backed AI stockNvidia stock could surge after surprising Taiwan Semi newsNvidia CEO sends blunt 7-word message on quantum computing Nvidia closed at $145.48 on June 18, up 8.3% year-to-date and just 2.7% below its all-time high of $149.41 posted in January. According to TipRanks, Wall Street's average price target on Nvidia stock is $173.19, which implies an upside of 19% as analysts remain bullish on the company's AI-driven growth. Related: Top analyst sends bold message on S&P 500 The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Miami Herald
25-05-2025
- Business
- Miami Herald
Cathie Wood buys $46 million of surging top semiconductor stock
Cathie Wood, head of Ark Investment Management, is known for making bold bets on disruptive innovation, mostly in the U.S. But this week, she looked abroad, buying an Asian chipmaker as investor optimism around AI infrastructure and semiconductors returns following signs of easing tariffs. Don't miss the move: Subscribe to TheStreet's free daily newsletter In April, President Donald Trump raised tariffs on Chinese goods to as high as 145%, prompting swift retaliation from Beijing and triggering a sharp market sell-off as tensions flared between the world's two largest economies. Earlier this month, the U.S. and China struck a rare deal in Geneva to temporarily cut tariffs as both sides work toward a broader agreement. Wood's funds saw a brief bump after Trump won the presidency last November, but that momentum didn't go far. Her flagship Ark Innovation ETF (ARKK) underperformed the S&P 500 index amid broader market volatility. Year-to-date, ARKK is down 2.67%, slightly worse than the S&P 500's loss of 1.34%. Wood gained a remarkable 153% in 2020, which helped build her reputation and attract loyal investors. Still, her long-term performance has made many others skeptical of her aggressive style. As of May 23, Ark Innovation ETF, with $5 billion under management, has delivered a five-year annualized return of negative 1.75%. In comparison, the S&P 500 has an annualized return of 16.20% over the same period. Image source:Wood's investment strategy is straightforward: Her Ark ETFs typically buy shares in emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology, and robotics. Wood says these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' values. Related: Cathie Wood's net worth: The Ark Invest CEO's wealth & income The Ark Innovation ETF wiped out $7 billion in investor wealth over the 10 years ending in 2024, according to an analysis by Morningstar's analyst Amy Arnott. That made it the third-biggest wealth destroyer among mutual funds and ETFs in Arnott's ranking. Wood recently said the U.S. is coming out of a three-year "rolling recession" and heading into a productivity-led recovery that could trigger a broader bull market. In a letter to investors published on April 30, she dismissed predictions of a recession dragging into 2026, as she expects "more clarity on tariffs, taxes, regulations, and interest rates over the next three to six months." "If the current tariff turmoil results in freer trade, as tariffs and non-tariff barriers come down in tandem with declines in other taxes, regulations, and interest rates, then real GDP growth and productivity should surprise on the high side of expectations at some point during the second half of this year," she wrote. She also struck an optimistic tone for tech stocks. "During the current turbulent transition in the US, we think consumers and businesses are likely to accelerate the shift to technologically enabled innovation platforms including artificial intelligence, robotics, energy storage, blockchain technology, and multiomics sequencing," she said. But not all investors share Wood's optimism. The Ark Innovation ETF has seen a net outflow of $2.45 billion over the past 12 months through May 21, with $446.69 million exiting in the past month, according to ETF research firm VettaFi. On May 19 and 20, Wood's Ark funds bought 241,047 shares of Taiwan Semiconductor Manufacturing Company, or TSMC (TSM) . That chunk of stock is valued at roughly $46.3 million and is one of Wood's biggest recent trades. Related: Cathie Wood buys $2.7M surging China tech stock after tariff talks Taiwan Semiconductor is the world's leading contract chipmaker and a key supplier to Nvidia (NVDA) and Advanced Micro Devices (AMD) . It manufactures advanced chips used in artificial intelligence applications, including those that power large language models developed by companies such as Microsoft (MSFT) and Google (GOOGL) . TSMC shares are down 4.2% so far in 2025, but the stock has rebounded sharply in the past month, climbing nearly 27% as investors reassess the impact of U.S.-China tariffs on the chipmaker's outlook. In April, the company reported strong first-quarter results, with earnings per share increased 60.4% to $2.12 per ADR. Revenue reached $25.53 billion, a 41.6% increase year-over-year. For the current quarter, TSMC expects revenue of $28.4 billion to $29.2 billion. The midpoint of $28.8 billion topped Wall Street's target of $26.92 billion. "Moving into second quarter 2025, we expect our business to be supported by strong demand for our industry-leading 3-nanometer and 5-nanometer technologies," TSMC Chief Financial Officer Wendell Huang said. The bullish bet isn't without risk. TSMC is exposed to geopolitical tensions and trade uncertainties between the U.S. and China, which could hurt the company's delivery and revenue. "While we have not seen any changes in our customers' behavior so far, uncertainties and risks from the potential impact from tariff policies exist," Huang said in a TSMC news release. Nvidia's CEO, Jensen Huang, said last September that Nvidia had the ability to turn to other suppliers as it had enough intellectual property. But he flagged that the switch might lower chip quality. More Nvidia: Will Nvidia get hit hard by AI capex risk?Analysts revise Nvidia price target on chip demandSurprising China news sends Nvidia stock tumbling "Maybe the process technology is not as great, maybe we won't be able to get the same level of performance or cost, but we will be able to provide the supply," Huang said at Goldman Sachs's Communacopia + Technology Conference. "In the event anything were to happen, we should be able to pick up and fab it somewhere else." Still, he praised TSMC's unmatched capabilities. "TSMC is the world's best by an incredible margin…the great chemistry, their agility, the fact that they could scale," he added. In the first quarter, Wood purchased 8,996 TSMC shares. The stock is not in her top 10 holdings. Billionaire investor Stanley Druckenmiller also made a bold bet in TSMC, adding 491,265 shares in the first quarter, which represents an increase of 456.9% in his stake. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
