While Cathie Wood’s investment management heyday is well behind her for the time being, the popular ARK Innovation ETF (ARKK) has performed reasonably well over the past 12 months, and just recently announced its latest set of bets on April 28th.
Specifically, ARKK revealed on Tuesday that it has invested a total of nearly $42 million in four stocks: Alphabet (NASDAQ:GOOG), Coreweave (NASDAQ:CRWV), Intellia Therapeutics (NASDAQ:NTLA), and Kratos Defense & Security Solutions (NASDAQ:KTOS).
Purchases of NTLA and KTOS stocks ranged from $6 million to $6.9 million, and together they represent just 0.13% of the exchange-traded fund (ETF).
At the same time, the market value of Google Stock Investment on April 28th was listed at $14.1 million (0.14% of the ETF) and on Coreweave at $14.8 million (0.15%).
Cathie Wood invests $14.8 million in Coreweave stock
The timing of the two large investments is interesting for a number of other reasons. As a company, Coreweave is seen as either a doomed company or one of the most exciting investment opportunities of 2026.
In fact, the former cryptocurrency miner has secured backing from semiconductor giant Nvidia (NASDAQ: NVDA) to pivot to becoming an artificial intelligence (AI) data center.
In this context, Cathie Wood appears to be betting that the optimistic predictions made by many executives and Wall Street experts about the advancement, adoption, and adoption of AI will prove correct and allow Coreweave to enjoy truly explosive growth in revenue and profits.
However, the risks associated with this investment arise from a variety of factors. Most notable among these is the fact that the use of AI models is still subsidized, limiting their eventual full implementation, and the delays and cancellations of many data centers.
Finally, the buying appears to have timed itself to the latest CRWV correction, considering the stock rose 77% from March 30 to April 22, but then fell 13.88% to $105.53 on April 28.
Cathie Wood invests $14.1 million in Google stock
Google, on the other hand, traded unchanged in the recent rally, but it also appears to be a bet that the blue-chip tech giant will post impressive returns after the April 29 close and gain momentum.
In the long run, Alphabet has been a relatively safe choice for decades thanks to its dominant market position, continued leadership in search engines, and foresight that has allowed it to participate in several technology trends, including becoming one of the top companies in the ongoing AI boom.
Still, while Google has made big bets that the current AI race will continue without any major setbacks, it has significantly degraded the quality of its core search engine business over the past decade, according to many users, which leaves it at some risk in the long run.
Featured image via Shutterstock
