ARK ETFs Surged Last Week: Here's Why

Cathie Wood’s ARK innovations have again started to glow. Last week, most of ARK ETFs, including ARK Innovation ETF (ARKK) , ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF) surged about 8%.Cathie Wood's flagship ARK Innovation ETF (ARKK) has faced challenges in recent years. After a sharp decline in 2021-2022, ARKK continued to underperform the S&P 500 in the following two years, as Wood largely missed the significant gains driven by NVIDIA (NVDA) and the broader artificial int ...