"Cathie Wood Warns of Potential Correction in Semiconductor Stocks"

Cathie Wood, head of ARK Investment Management, warns of a potential market correction in semiconductor stocks as supply chain pressures ease, particularly for Nvidia. Wood notes that the easing lead times for GPUs suggest previous double and triple ordering due to shortages, which may lead to inventory digestion. Semiconductor stocks have been among the best-performing this year, with Nvidia's shares up around 80%, following a 240% gain in 2023.