Cathie Wood, founder of ARK Invest, has responded to criticism regarding ARK’s sale of Nvidia shares, highlighting the fund’s early investment and subsequent profits. What Happened: In a Monday tweet, Wood addressed a post questioning why ARK sold Nvidia Corporation. (NASDAQ:NVDA) shares amidst a significant rally. “Based on our #AI research,” Wood tweeted, “ARKInvest bought $NVDA in 2014 at ~$5 when most investors were valuing it as a PC gaming chip company. After more than a 150-fold gain, we continue to take profits.” See Also: What’s Going On With AMD’s Stock Today Wood’s tweet comes after…
