emphasizing long-term tech potential.
Cathie Wood, chief of Ark Investment Management, is making moves in megacap tech stocks.

Last month, Wood added to her positions in Nvidia and Google, and this week she trimmed two other names from the Magnificent 7.

Wood gained a reputation after the Ark Innovation ETF delivered a 153% return in 2020. Year to date, the flagship Ark Innovation ETF (ARKK) is up 42.18% as of Dec. 5, far outpacing the S&P 500’s gain of 16.81% in the same period.