Cathie Wood’s Ark Invest Buys $10M In HOOD Stock After Robinhood’s Robust Earnings

After an impressive earnings report in Q1 for Robinhood, Ark Invest has splurged $10M to acquire HOOD stock. Despite predicting a massive Bitcoin rally in the coming months, the investment firm is diversifying its holdings to include Robinhood, AMD, 10X Genomics, and altcoins.