Cathie Wood’s Ark Invest Seizes Opportunity: Buys Figma Stock After 20% Post-Earnings Plunge
ARK pounces as design platform stumbles—Wood's team spots blood in the water after quarterly results disappoint.
The Buying Signal
Ark Invest loaded up on Figma shares immediately following the 20% earnings-driven collapse. Wood's fund recognizes temporary panic versus fundamental breakdown—classic contrarian move that made her famous.
Market Overreaction?
Traders dumped shares after minor guidance adjustment, but Ark sees long-term design software dominance intact. The buy reinforces Wood's reputation for betting against herd mentality—even when Wall Street analysts hyperventilate over short-term metrics.
Because nothing says 'strategic genius' like buying what everyone else is desperately selling—except maybe doing it with other people's money.
