Investor Cathie Wood purchases stakes in two prominent tech companies worldwide.
Cathie Wood Bolsters Positions in Amazon and Meta
In a move that signals her continued belief in the growth opportunities of these tech giants, renowned investor Cathie Wood has purchased significant stakes in both Amazon and Meta on November 4.
According to the latest reports, Wood's ARK Invest now holds Amazon as the eighth-largest position in the ARK Space Exploration & Innovation ETF, and Meta is present in both the Next Generation Internet ETF and the Innovation ETF, managed by Wood. Meta, in particular, holds the sixth-largest position in the Next Generation Internet ETF.
Amazon's current P/E ratio stands at 31, significantly lower than its ten-year average of 45, indicating a potentially undervalued stock. Analysts expect double-digit growth in revenue and earnings for Amazon this and next fiscal year, and the stock has an upside potential of 18% with an average price target of 231 US dollars.
Meta, on the other hand, has already gained 60% year-to-date, and with an average price target of 647 US dollars, it has an upside potential of 15%. Analysts also recommend buying Meta, and the stock's current performance suggests continued growth.
The purchases by Wood suggest she sees potential for disruption and innovation in both Amazon and Meta. It's worth noting that Wood's recent purchases of both Amazon and Meta come after her notable buy of Advanced Micro Devices (AMD), Ibotta, and Nu Holdings in July 2025, as well as significant purchases of Tesla shares in mid-2025 while selling crypto stocks.
However, it's important to note that there is no documented record available here of Cathie Wood purchasing two tech giants' stocks specifically in November 2021. For the most accurate information on her November 2021 trades, one might need to consult detailed ARK Invest disclosures or news archives from that specific period.
Nevertheless, the purchases of Amazon and Meta by Cathie Wood signify a positive sign, as these are established tech giants with promising growth prospects. Investors may want to keep a close eye on these companies as they continue to evolve and innovate in the tech industry.
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These purchases by Cathie Wood demonstrate her faith in the potential of technology giants, as she has invested heavily in Amazon and Meta. The technology sector, with its ongoing advancements, remains a focus area for ARK Invest, as indicated by these recent purchases.
