Cathie Wood buys $900,000 of surging megacap stock
Cathie Wood is known for her strategic moves in the stock market, particularly during earnings season. As the chief of Ark Investment Management, she has a reputation for making bold decisions that have paid off handsomely in the past.
One of Wood’s recent moves involved buying shares of a megacap tech firm ahead of its earnings announcement next week. This is just one example of how she takes calculated risks to potentially capitalize on market fluctuations.
In 2025, Wood’s flagship Ark Innovation ETF outperformed the S&P 500, gaining 35.49% compared to the index’s 17.88% return. However, the ETF has also experienced significant losses, such as in 2022 when it tumbled more than 60%. These swings have impacted Wood’s long-term gains, with the Ark Innovation ETF delivering a five-year annualized return of -8.52% as of April 21.
Wood’s investment strategy focuses on high-tech companies in areas like artificial intelligence, blockchain, biomedical technology, and robotics. She believes these industries have strong growth potential, despite the volatility that often accompanies them.
While some analysts have criticized Wood for the losses incurred by the Ark Innovation ETF, she remains optimistic about the future. In a recent Bloomberg podcast, Wood discussed her belief in a “great acceleration” driven by technological advancements like AI.
According to Wood, past technological revolutions have reshaped economic growth, and she anticipates that a new wave of innovation could push growth rates even higher. She predicts that technologies could drive global GDP growth into the 7 to 8% range, significantly higher than historical averages.
Wood also highlighted the deflationary impact of technologies like AI, which are driving down costs across industries. She rejected the notion of an “AI bubble” in a letter published in January, emphasizing the transformative potential of technologies like AI, robotics, energy storage, blockchain, and sequencing platforms.
Despite Wood’s optimism, not all investors share her outlook. The Ark Innovation ETF saw significant net outflows in the past year, indicating some skepticism about Wood’s investment approach. Nevertheless, Wood continues to make strategic moves in the market, such as buying shares of Amazon.com, Inc. through her Ark Space & Defense Innovation ETF.
Overall, Cathie Wood’s bold investment strategy and focus on cutting-edge technologies have made her a prominent figure in the financial world. While her approach may not always yield immediate results, Wood remains confident in the long-term potential of innovation to drive economic growth and reshape industries. Amazon is gearing up to release its first-quarter earnings report for 2026 on Wednesday, April 29th. In the fourth quarter of 2025, Amazon Web Services (AWS) saw a significant increase in sales, jumping 24% year over year to $35.6 billion. This growth marked the fastest expansion in 13 quarters for the segment, generating $12.5 billion in operating income, which accounted for half of the company’s total.
Ahead of the earnings report, Bank of America raised its price target for Amazon stock to $298 from $275, with a buy rating on the shares. The bank’s analysts, led by Justin Post, believe that Amazon is well-positioned to benefit from the rising corporate demand for AI capacity. They anticipate positive data points from AWS, signaling improved capacity and a stronger industry position compared to 2025.
Recently, Amazon announced plans to invest up to $25 billion in Anthropic as part of an expanded agreement to enhance its AI infrastructure. This investment comes on the heels of Amazon’s $50 billion commitment to OpenAI, its biggest competitor in the AI space. Amazon also disclosed plans for $200 billion in capital expenditures this year, primarily focused on AI infrastructure.
Amazon CEO Andy Jassy stated, “With such strong demand for our existing offerings and seminal opportunities like AI, chips, robotics, low earth orbit satellites, we expect to invest about $200 billion in capital expenditures across Amazon in 2026, and anticipate strong long-term return on invested capital.”
While Amazon is not a top 10 holding in either the Ark Space & Defense Innovation ETF or the Ark Innovation ETF, Cathie Wood, the founder of Ark Invest, has made recent moves in the market. Wood purchased 24,614 shares of Kratos Defense & Security Solutions and 4,625 shares of DoorDash, while selling 81,422 shares of Iridium Communications.
This information was originally published by TheStreet on April 22, 2026, in the Investing section. It highlights Cathie Wood’s investment decisions and Amazon’s strategic moves in the AI space. The content provides valuable insights into Amazon’s financial performance and future growth prospects, positioning it as a key player in the tech industry. The world is changing at a rapid pace, and with it, the way we live our lives. Technology has revolutionized the way we communicate, work, and interact with one another. This has led to significant advancements in various industries, including healthcare, education, and transportation.
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