Ark Invest CEO Cathie Wood revealed in a tweet Monday that her firm continues to take profits in NVIDIA (NVDA).
As the artificial intelligence rally intensifies, Wood has been trimming her firm's holdings in the chip company after a more than 200% rise in the last 12 months.
In her tweet, Wood stated that based on their initial AI research, Ark bought shares of Nvidia (NASDAQ:NVDA) in 2014 at $5 per share "when most investors were valuing it as a PC gaming chip company."
"After more than a 150-fold gain, we continue to take profits, grateful to #Nvidia for the companies that are leveraging upon its amazing success," added Wood.
Premarket Monday, Nvidia shares are up 0.85%, trading around the $794.86 mark.