Cathie Wood, a renowned investor and founder of ARK Invest, has increased her investments in several high-tech companies in recent months. This time, the focus has been on BWX Technologies, Archer Aviation, and Advanced Micro Devices.
BWX Technologies, Inc.
In mid-June, the ARK Innovation ETF (ARKK) acquired $30.7 million worth of shares in BWX Technologies, making it one of the top buys of the month. BWX Technologies specializes in nuclear energy, and its technologies are crucial for both commercial and military applications. BWXT stock has increased 28% year-to-date, currently priced at $141.87 per share.
Archer Aviation Inc.
Archer Aviation also significantly increased its stock holdings in ARK Invest with a $28.4 million purchase. The company develops electric vertical takeoff and landing aircraft (eVTOL) and is actively engaged in AI and military technologies. Archer Aviation's stock has risen nearly 8% this year, currently priced at $10.32.
Advanced Micro Devices Inc.
Recently, Cathie Wood added $31.4 million in shares of Advanced Micro Devices (AMD) across three ETFs (ARKF, ARKW, and ARKK). AMD has shown strong performance, increasing its shares in both processors and graphics cards, leading to an 18.9% rise to $143.52. The projected price for AMD stock is $132.54.
Cathie Wood's selections in these three companies demonstrate her strategic investment approach, particularly in the fields of nuclear energy, aviation, and semiconductors. These sectors continue to remain relevant and promising for long-term investments.
