Cathie Wood Boosts Stake in Microsoft, Facebook in AI Push

Cathie Wood made her first purchase of Microsoft Corp. shares in about nine months, adding to her bets on US megacap technology firms tied to artificial intelligence.

Ark Next Generation Internet ETF, which has beaten the Nasdaq 100 Index this year, bought 8,810 shares of the company on Monday — the first addition of the stock since March 20, according to Ark Investment Management LLC’s daily trading data compiled by Bloomberg.