Cathie Wood’s ARK Invest Makes $2M Amazon Bet Ahead of Q4 Earnings
Cathie Wood's ARK Fintech Innovation ETF acquired $1.93 million worth of Amazon shares days before its Q4 earnings report. The e-commerce giant is projected to post 13% revenue growth, fueled by accelerating AWS cloud performance and AI-driven infrastructure demand.
Wedbush maintains a $340 price target, suggesting 42% upside potential. Amazon's recent workforce optimization—cutting 30,000 corporate roles—aims to streamline operations amid tech sector efficiency pushes.
Wood's MOVE comes despite mixed performance across ARK funds. While her flagship innovation ETF outperformed the S&P 500 in 2025 with 35.49% returns, five-year metrics show the fund trailing the broader market significantly.