"Cathie Wood's Nvidia Moves: Selling, Watching, and Missing Out"

Cathie Wood's Ark Investment Management sold shares of Taiwan Semiconductor Manufacturing Corp. for the first time in over two years, as well as shares of Nvidia, reducing exposure to the chipmaker's key customer. This move comes amid the intensifying artificial intelligence frenzy, with Nvidia's strong earnings driving global markets to new highs. Despite Wood's previous predictions about AI's potential, she has been selling Nvidia shares and focusing on less-discussed software companies. The autonomous ETF managed by Wood's firm has missed out on the rally that propelled Nvidia to a near $2 trillion valuation, causing both TSMC and Nvidia to drop out of the fund's top 10 holdings.