Cathie's ARK Invest sold majority of Nvidia stake before stock rally

Ark Invest sold nearly 1 million Nvidia shares between early October and now

Ark's position decreased from 1.3 million shares across all ETFs to 390,000 shares today

Nvidia's stock surged over 160% year-to-date, with Ark missing out on considerable gains

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Nvidia's surge followed strong guidance due to demand for their chipsets in AI technology platforms

Ark Invest missed out on over $200 million in potential profits from the sale

Cathie Wood cited high valuation and focus on higher conviction stocks as reasons for the sale