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Following Nvidia's release of stellar financial results, Cathie Wood's flagship fund seized the opportunity and bought shares of the company on Thursday. This move once again underscores the bullish outlook that ARK Investment Management, the fund's operator, holds towards this giant in the chip industry. Based on the daily trading data released by the ETF provider, the actively managed U.S. exchange-traded fund, ARK Innovation ETF, snapped up 93,374 shares of Nvidia stock on Thursday. Data compiled by Bloomberg reveals that this marks the first time ARK's funds have made a purchase of Nvidia stock since August 4. Before Thursday's acquisition, as of September 30, ARK Investment already had a substantial holding, with over 1.1 million shares of stock in the world's most valuable company by market capitalization.
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