Cathie Wood, the CEO of Ark Investment Management, has provided an explanation for selling Nvidia stocks at a price of $400. Wood revealed that Ark initially purchased Nvidia stocks in 2014 at an approximate price of $4. The ARK Innovation ETF held onto these stocks until their price reached around $400, and sold most of them before Nvidia's rapid rise last year.

Wood's explanation for selling Nvidia stocks at a price of $400 highlights their strategic approach to investment. Ark Investment Management carefully analyzes market trends and company performance before making decisions. This move by Ark Investment Management showcases their commitment to long-term investment strategies, carefully considering the potential risks and rewards of each investment.

Wood's statement about Ark Investment Management's approach to investment is a testament to their dedication to long-term growth. By carefully analyzing market trends and company performance, Ark Investment Management makes informed decisions about the future of their investments. This approach has allowed them to exit Nvidia stocks at a price of $400, and sold most of them before Nvidia's rapid rise last year.

The ARK Innovation ETF held onto these stocks until their price reached around $400, and sold most of them before Nvidia's rapid rise last year. This move by Ark Investment Management highlights their strategic approach to investment, carefully considering the potential risks and rewards of each investment.

Wood's statement about Ark Investment Management's approach to investment is a testament to their dedication to long-term growth. By carefully analyzing market trends and company performance, Ark Investment Management makes informed decisions about the future of their investments. This approach has allowed them to exit Nvidia stocks at a price of $400, and sold most of them before Nvidia's rapid rise last year.