Cathie Wood's ARK buys the dip on Robinhood in largest purchase in six months
- —ARK bought HOOD after a 23% drop in the stock
- —The purchase was ARK's largest in six months
- —Robinhood recently missed earnings estimates; Bernstein sees a shift toward infrastructure
Why it matters: A major fund buying the dip signals confidence in Robinhood's crypto-infrastructure model despite weak earnings.
Source: CoinDesk