Cathie Wood buys $8.7 million of tumbling semiconductor stock

Cathie Wood purchases $8.7 million of a megacap chipmaker's shares following a 20% drop after earnings. The trade occurs during post-earnings dips, a strategy Wood has used before. Her flagship ARKK ETF is up 2.83% this year versus the S&P 500's 10.79% gain. The ETF gained 35.49% in 2025, outpacing the S&P 500's 17.88% return. The move reflects a bet on semiconductor recovery post-earnings downturns.