Cathie Wood’s Ark Invest Doubles Down on Robinhood, Eyes Long-Term Growth

Investment firm Ark Invest, led by Cathie Wood, has increased its stake in Robinhood (HOOD) after the platform’s strong first quarter earnings report. The firm bought $10 million worth of shares following Q1 profits exceeding expectations. This move comes as Ark Invest continues to show confidence in the company’s future, especially its plans to expand beyond trading fees. Ark Invest also made strategic purchases in Guardant Health and other companies.