David Swanson/Reuters
- Cathie Wood's internet fund has snapped up $11 million in Microsoft shares – a first for the Ark ETF.
- Microsoft has attracted bullish views thanks to its $10 billion investment in buzzy AI tool ChatGPT.
- Wood has slated its home the Nasdaq 100 in the past, saying it's not about disruptive innovation.
Ark Invest CEO Cathie Wood is catching up with the ChatGPT hype, now that her internet fund has loaded up on Microsoft stock for the first time.
The Ark Next Generation Internet ETF (ARKW) snapped up 40,957 shares in Microsoft on Monday, according to a company trading update. That's worth over $11 million, based on the stock's closing price of $272.23 that day.