Cathie Wood's Latest Investment Moves: Fidelity Fund Outperforms, ARK Buys the Dip, and More

Fidelity's Blue Chip Growth ETF has outperformed Cathie Wood's ARK Innovation ETF this year, returning 38.1% compared to ARK's 36.6%. Fidelity's ETF is only three years old and has assets of $564 million, while ARK's flagship fund has been around for nearly a decade and has $8.1 billion in assets. Fidelity's success is attributed to its focus on big tech stocks, with its top 10 holdings including Apple, Microsoft, and Nvidia. Investors are betting on large-cap tech stocks in the second half of the year, with Microsoft, Alphabet, and Nvidia being the favorites.