Cathie Wood is the CEO and chief investment officer at ARK Investment Management. One feature that differentiates Wood from her peers in the wealth management industry is her appetite for more-speculative opportunities -- often assuming higher degrees of risk compared to blue chip stocks.

Cathie Wood, head of Ark Investment Management, is known for making bold bets — but she’s not afraid to change course when the market proves her wrong. That’s what she did this week. She unloaded a tech stock that tumbled nearly 50% last year.

According to sources, Cathie Wood, CEO of Ark Investment Management (ARKK, Financial), shifted her strategy this week by offloading a tech stock that tumbled nearly 50% last year. In a decisive move,

Cathie Wood bought shares of AMD, Toast, and Shopify on Tuesday. AMD hit a new 52-week low after posting mixed quarterly results last week. Toast shares have soared 108% over the past year, and the eatery tech specialist has a critical earnings report on the menu for next week.

Cathie Wood’s comeback could continue through the year as most of her Ark Invest funds come roaring back alongside the tech trade. Though her broad basket of Ark funds hasn’t been as booming as your run-of-the-mill tech-centric index ETF (exchange-traded funds),

Pizzo said the ARK Digital Asset Innovation Fund plans to raise $50 million, with a hard cap at $100 million when it closes. The fund is the first of its kind for Ark, which is legendary on Wall Street for its actively managed exchange-traded funds.

ARK Invest predicts Bitcoin could reach $1.5 million by 2030 in its bull case, with a worst-case scenario of $300,000.