Cathie Wood buys popular crypto stock despite revenue miss
May 12, 2026 8:04 PM
Cathie Wood is abandoning her "buy the dip" strategy to chase a stock that actually missed revenue targets. Despite Circle failing to meet Wall Street’s expectations, Ark Invest poured $5.5 million into the shares after a 16% surge. Chasing momentum at yearly highs while ignoring fundamental misses is an unusual pivot that challenges traditional investing logic. Is Wood’s bet on stablecoin volume a stroke of genius, or is she simply FOMO-ing into a peak? What's your take?
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