Why high-conviction investor Cathie Wood bought Nvidia after it erased billions from May high

Cathie Wood’s Ark Invest bought 78,965 shares of Nvidia worth $15.5 million after the stock fell. The purchase showed her renewed confidence in the chipmaker’s long-term AI growth. Nvidia shares fell over 6% in five sessions and are down 17% from their mid-May peak, yet Wood continues to buy high-growth stocks.