Cathie Wood Invests $12 Million in CrowdStrike

CrowdStrike's stock has fallen nearly 24% following a major global IT outage caused by a faulty update from the cybersecurity firm, raising questions about its potential $1 billion liability. Despite the downturn, Ark Invest's Cathie Wood seized the opportunity to buy nearly $12 million worth of CrowdStrike shares on the day of the incident, highlighting her belief in its long-term growth potential. CEO George Kurtz reassured that the issue was not a cyber attack, and analysts like Catharine Trebnick have maintained a positive outlook, suggesting that the stock is undervalued. While CrowdStrike customers are covered for breach response expenses, the overall fallout remains uncertain, potentially leading to significant costs. Wood's investments also extended to other sectors, including nuclear energy startup Oklo. The market's reaction reflects a mix of panic and opportunity, with some investors viewing the dip as a chance to buy into a leading tech firm at a reduced price.