According to sources, Cathie Wood, CEO of Ark Investment Management (ARKK, Financial), shifted her strategy this week by offloading a tech stock that tumbled nearly 50% last year. In a decisive move,

Cathie Wood bought shares of AMD, Toast, and Shopify on Tuesday. AMD hit a new 52-week low after posting mixed quarterly results last week. Toast shares have soared 108% over the past year, and the eatery tech specialist has a critical earnings report on the menu for next week.

Star portfolio manager Cathie Wood’s Ark Investment Management filed its 13F holdings report for the fourth quarter on Feb. 4.  As usual, there were many moves into and out of the investment management firm’s holdings.

Cathie Wood, head of Ark Investment Management, is known for making bold bets — but she’s not afraid to change course when the market proves her wrong. That’s what she did this week. She unloaded a tech stock that tumbled nearly 50% last year.