Cathie Wood's Unconvincing Nvidia Defense: Shuli Ren

Nvidia Corp.’s meteoric rise prompted Cathie Wood, the founder of Ark Investment Management, to defend the decision to cut holdings in the chipmaker in January, missing out on most of Nvidia’s $600 billion rally this year. Bloomberg Opinion columnist Shuli Ren examines Wood’s defense of bailing out of Nvidia shares ahead of the rally. Her opinions are her own.

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