Cathie Wood (left) and Jensen Huang (right).
"I've watched Nvidia all my career actually since it's gone public. It's a very cyclical stock," Ark Invest's Cathie Wood said of Jensen Huang's chip company.
  • Cathie Wood says Nvidia "has become a check-the-box stock."
  • Wood says she's been selling the stock because "expectations could be getting ahead of themselves."
  • The semiconductor giant's market capitalization surpassed Amazon's and Alphabet's last week.

Ark Invest's Cathie Wood says she's been selling Nvidia stock because she thinks it's become overvalued.