Cathie Wood’s ARKK sold Nvidia before $560 billion surge

It is not secret that a lot of people, including myself, have very little respect for Cathie Woods. ARKK sold Nvidia in early January, just before the artificial intelligence frenzy. For a investment firm that prides themselves in emerging technology and researching it, how could she not have predicted the rise of AI, and that computer chip companies would profit handsomely from it?
Nvidia is up $560 billion since Cathie Woods sold it. She claimed that the stock was overpriced. I am confused, because a stock being overpriced has never stopped her before.
I have long advised you to just buy the S&P 500 and hold it long term. This again demonstrates by point that these fund managers that are actively managing stocks, going in and out, in and out, are not able to foresee the future. If the person, and fund, that is dedicated to disruptive technology did not see this coming, what hope does a regular person have.
Chat GPT released in 2022. Cathie Woods should have stayed in the stock. She has had months to reopen her position in Nvidia and she didn’t do it. Yet people continue to pay her to gamble money away in the stock market on overpriced tech stocks.
Works Cited:
https://www.bloomberg.com/news/articles/2023-05-25/cathie-wood-s-arkk-dumped-nvidia-stock-before-560-billion-surge
https://finance.yahoo.com/news/cathie-wood-arkk-dumped-nvidia-184505860.html

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