Cathie Wood Just Cut Her Position in an AI Stock That's Climbed 1,000% and Piled Into Shares of 2 Other AI Giants

Group 1: Cathie Wood's Investment Strategy - Cathie Wood is known for making bold investment decisions that often go against market trends, focusing on long-term growth and innovation [1][2] - Wood's strategy includes selling high-performing stocks to reinvest in undervalued companies, particularly in the AI sector [2][5] Group 2: Recent Stock Movements - Wood sold shares of Palantir Technologies (PLTR), which had a significant position in her Ark Innovation ETF, to lock in profits and reallocate funds [4][5] - Despite selling Palantir, Wood remains optimistic about its long-term prospects, as the company reported strong revenue growth and demand [5][6] Group 3: New Investments in AI Chip Companies - Wood increased her holdings in Nvidia (NVDA) and Advanced Micro Devices (AMD), both leaders in the AI chip market, due to their attractive valuations [8][9] - Nvidia's valuation has decreased from 50 times forward earnings to 26 times, while AMD's valuation is at 25 times forward earnings, down from over 30 times [8][9] - Both companies have shown strong revenue growth and profitability, with Nvidia leading in innovation and AMD making significant progress in the AI sector [9]