Cathie Wood Goes Bargain Hunting: She Just Loaded Up on 2 Cheap Magnificent Seven Stocks and an AI Player That's Dropped 60% From Its Peak.

Core Investment Strategy - Cathie Wood, founder of Ark Invest, focuses on identifying innovative companies with long-term growth potential, particularly in game-changing technologies [1][2] - Wood seeks to acquire these stocks at reasonable prices, emphasizing value in her investment strategy [2] Recent Stock Purchases - Wood added 23,769 shares of Meta Platforms (META), making it the 25th largest holding in the Ark Innovation ETF, with a forward earnings estimate of 25x [3][6] - Meta's market cap is $1,615 billion, and it has a gross margin of 82% [5] - Wood purchased 113,276 shares of Alphabet (GOOG), now the 42nd largest holding in the ETF, trading at 30x forward earnings estimates [7][10] - Alphabet's market cap is $3,800 billion, with a gross margin of 59.18% [9] CoreWeave Investment - Wood acquired 358,999 shares of CoreWeave (CRWV), which is now the 31st largest holding in the Innovation fund [11] - CoreWeave's stock has dropped about 60% from its peak, presenting a potential entry point for investors [12] - The company operates in the "GPU-as-a-service" sector, focusing on AI workloads, and has seen explosive revenue growth despite not yet being profitable [14][15]