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Cathie Wood’s Ark Invest Adds Figma, Amazon, and Toast to Portfolio Amid Market Volatility
Cathie Wood’s Ark Invest Adds Figma, Amazon, and Toast to Portfolio Amid Market Volatility
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BTCCSquare news:
Cathie Wood's Ark Invest made strategic additions to its aggressive growth ETFs on Thursday, capitalizing on recent market dips. The fund increased positions in Figma (FIG), Amazon (AMZN), and Toast (TOST)—all trading lower at the time of purchase. Figma's 61% plunge from its July peak presented a particularly compelling entry point, despite remaining 70% above its IPO price.
The design software firm's stock has been volatile since its public debut, with Adobe's failed $20 billion acquisition attempt in 2022 causing significant market reactions. Wood's moves suggest conviction in these growth names despite short-term turbulence, mirroring her history of buying disruptive technologies during pullbacks.
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