Cathie Wood fund makes its first purchase of Taiwan Semiconductor

Cathie Wood may have sold most of her firm’s stake in Nvidia right before it benefited from artificial intelligence demand, but now she is investing in a company benefiting from the AI push.

ARK Autonomous Technology & Robotics ETF
ARKQ,
+1.94%
purchased roughly $10 million shares of Taiwan Semiconductor Manufacturing Co.
TSM,
+4.14%
on Monday, which according to the Cathie’s Ark tracker is the fund’s first purchase of the contract semiconductor maker.