Cathie Wood Adds Alphabet to Ark’s Portfolio as AI Bet

Cathie Wood's Ark Investment Management has bolstered its position in Alphabet (GOOGL), acquiring 181,640 shares in late July. The move signals confidence in the tech giant's artificial intelligence ambitions despite its blue-chip status among the "Magnificent Seven." Alphabet's Q2 earnings revealed 10% year-over-year advertising growth, with Google Search and YouTube climbing 12% and 13% respectively.

The purchase reflects Wood's strategy of balancing speculative disruptors with established players. Alphabet's AI investments span Core products like Search and cloud infrastructure, positioning it to monetize generative AI through existing advertising frameworks. At current valuations, the stock presents a rare combination of growth potential and financial stability in the AI sector.