Cathie Wood Trimmed Ark's Alphabet Stake Even as Google Search Revenue Grew, While Ark Piled Into Rocket Lab Even After

On Sept. 22, Cathie Wood's Ark Invest bought roughly $25.1 million of Rocket Lab (NASDAQ: RKLB) shares, while selling $5.8 million of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock. However, Rocket Lab has since encountered another setback in its growth plans. On Oct. 14 , the company announced that its Neutron rocket's first launch had been delayed until 2027. Despite this setback, Ark Invest purchased another $9.3 million of Rocket Lab shares on Oct. 15. Ark's investment decisions highlight the trade-off between Alphabet's established profitability and Rocket Lab's potentially higher, but less certain, long-term growth. Ark Investment Management CEO Cathie Wood. Image source: Getty Images.

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