Few stocks have captured the extremes of AI volatility quite like this one. A company once hailed as a cornerstone of next-generation infrastructure has seen its share price cut nearly in half within a single month. Investors are abandoning ship at record speed, convinced that the narrative supporting the stock has collapsed. To many, the chart looks like the kind of falling knife no rational trader would dare to catch.

But Cathie Wood is not “many.” While the broader market is unwinding positions, ARK Invest has quietly accumulated more than 400,000 shares, treating the panic as an opportunity rather than a warning. To Wood, the drawdown is not evidence of structural failure — it's a temporary dislocation in a long-term transformation she believes is still in its early innings. Her conviction raises the question echoing across tech circles: what catalyst is she pricing in that the rest of the market is missing?

Top Points

• The 45% monthly share price decline has opened the door to ARK…