"If Cathie Wood didn't sell it, she must now be happy to see the profit she made."
The Securities and Exchange Commission (SEC) of the United States (US) revealed that the investment management company Ark Invest founded by Cathie Wood had sold shares of technology giant NVIDIA in January 2023 before the price gradually rose.
As a company involved in the design and manufacture of computer components, NVIDIA's performance was even more encouraging as its shares managed to jump by 24.52% at the close of trading on Thursday.
While it's still unclear whether Ark Invest has some additional stake in NVIDIA after its sale in January, the public still sees the company's failure to comply and the stock's rise as a big loser.
Please note that Ark Invest is a major backer of Elon Musk's electric vehicle company Tesla and a consistent stock picker of US-based cryptocurrency trading platform Coinbase.
In addition, the company also remains one of the biggest supporters of several major Web3 companies and Bitcoin (BTC) even though the crypto market is currently in a horizontal movement.
There's no denying that Wood missed out on a big profit during NVIDIA's peak, but he remains bullish on the other stocks in his portfolio as they have plenty of innovation.
On the other hand, NVIDIA has also rallied by 190% since Cramer sold it eight months ago after expecting its shares to fall due to the Ethereum (ETH) upgrade but his expectations were wrong and it should be remembered that he is very famous for giving predictions to the contrary.
