Coinpaper
2026-04-06 12:35:29

Cathie Wood Buys Tech Stock as the AI Rally Picks Up

Cathie Wood is back in buying mode, and this time the focus is CoreWeave, one of the market’s hottest AI infrastructure names. ARK Invest added 83,764 shares of CRWV across March 30, March 31 and April 1, worth about $6.9 million at the latest closing price, according to ARK’s daily trade disclosures. The move came as CoreWeave’s stock rebounded sharply from its March lows, while broader tech sentiment remained volatile. CoreWeave has become a key name in the AI buildout story because it sits at the center of the infrastructure layer that powers large-scale computing demand. That matters for crypto investors too, since AI spending, cloud capacity, and risk appetite often move together across growth markets. Wood has repeatedly argued that the current AI cycle is still in its early innings, and her latest purchase suggests she is still willing to buy into weakness when she sees long-term upside. The timing is notable. CoreWeave had fallen to $69.15 on March 30 before rebounding to $77.47 on March 31 and $82.24 on April 2, a quick recovery that shows how aggressively traders are still rotating into the name when sentiment improves. That kind of price action can attract more attention from momentum investors, especially when a high-profile buyer like Wood steps in. It also gives the trade a stronger speculative tone, which often spills over into the broader crypto and AI complex. What the chart suggests For Cathie Wood, CoreWeave fits the same thesis that has driven many of her recent purchases: big bets on companies tied to disruptive technology. Earlier this year, ARK also kept buying other crypto-adjacent and high-growth names, including Robinhood and Coinbase, reinforcing Wood’s preference for platforms tied to digital assets and next-generation financial infrastructure. In that sense, CoreWeave is not just an AI stock; it is part of a wider portfolio bet on the future of computing, trading, and digital adoption. The chart now looks more constructive after the rebound, but the move still needs confirmation. If CRWV can hold above the upper-$70s and keep building support, buyers may see this as the start of a stronger trend. If it slips back below the March rebound zone, the rally may fade just as quickly as it started.

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