Cathie Wood Bets Big on CrowdStrike Despite Global Outage

Ark Invest acquires millions in CrowdStrike shares following a disruptive software update that affected major industries worldwide.

CrowdStrike's stock plummeted 23% after a faulty update caused a global IT outage impacting banks, airlines, and retailers.
Cathie Wood's Ark Invest purchased nearly $12 million in CrowdStrike shares, viewing the dip as an investment opportunity.
The outage has led to significant short-selling gains and multiple analyst downgrades, with potential legal repercussions looming.
Despite the setback, some analysts remain optimistic about CrowdStrike's long-term prospects due to its strong technology base.
Ark Invest also made notable trades involving Tesla and Oklo, adjusting its portfolio amid market volatility.